Why Betsy DeVos Will Rewrite These Student Loan Forgiveness Rules

Why Betsy DeVos Will Rewrite These Student Loan Forgiveness Rules

The Trump administration announced Wednesday that it will rewrite two Obama-era rules intended to protect student loan borrowers. The U.S. Department of Education said new committees will be formed to rewrite rules for Borrower Defense To Repaying and Gainful Employment. Here’s what you need to know. What Is Borrower Defense To Repaying? Borrower Defense To Repaying allows students to have their federal student loans forgiven if a school employed illegal or deceptive practices to encourage the students to borrow debt to attend the school. This rule was scheduled to become…

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Betsy DeVos signals she may be open to changes to loan forgiveness program for public servants

Betsy DeVos signals she may be open to changes to loan forgiveness program for public servants

The future of an already-embattled loan forgiveness program geared toward public servants could be in jeopardy under President Trump’s nominee for Secretary of Education, Betsy DeVos. DeVos didn’t commit to defending the Public Service Loan Forgiveness program (PSLF) in written answers to questions asked by Sen. Patty Murray (D-Wash.), published this week. When asked by Murray whether she would protect the program to ensure “thousands of students enrolled in the program can obtain the debt relief they were promised” and “actively oppose any efforts to undermine” the program, DeVos responded…

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Student Loan Forgiveness Won’t Solve the $1.3 Trillion Problem

Student Loan Forgiveness Won’t Solve the $1.3 Trillion Problem

With outstanding student loan debt now exceeding $1.3 trillion, it is no wonder that the sticker price of college tuition has gotten a lot of attention in 2016. Yet few proposals have gotten to the root of the college cost problem. Despite overwhelming evidence that more federal subsidies for higher education increase tuition prices, policies such as “tuition-free” or “debt-free” public college are attracting attention. But such plans do nothing to address price increases and shift more of the financial burden onto taxpayers. Unfortunately, discussions of higher education policy have…

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