Trump backs DeVos plan to limit student debt relief

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President Donald Trump on Friday sided with Education Secretary Betsy DeVos and her plans to make it harder to forgive the debt of defrauded student loan borrowers

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It’s the eighth time that Trump has vetoed legislation since taking office — and the first on a domestic policy issue. In the Senate, the measure similarly did not pass by a veto-proof margin, even though 10 Republicans broke with DeVos and joined with Democrats on a 53-42 vote in March. It’s unclear whether Senate leaders will bring up an override vote.

In a statement on Friday before the veto, James “Bill” Oxford, the national commander of the American Legion, said that the group was “hoping that President Trump will once again come to the aid of student veterans,” and that DeVos’ rule made it “nearly impossible for veterans to successfully” obtain loan forgiveness if they were deceived by a school.

Trump’s veto, barring a successful override, clears the path for DeVos’ rule to take effect on July 1, as scheduled. DeVos’ rule revises Obama-era standards for debt relief, known as “borrower defense,” which were finalized in 2016 in response to misconduct by for-profit colleges. The Education Department estimated that the stricter rules will reduce loan forgiveness by hundreds of millions of dollars each year, compared with the Obama-era policy, saving taxpayers more than $11 billion over the next decade.

 

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How about you mention he had to pay a $25 million penalty for defrauding students at the so-called Trump University?

He should take another look at that

There is no floor. This was for students who were defrauded . But his disciples on Twitter could care less. A person read the Flynn transcript verbatim and called him a patriot. GOP is a cult.

Biden was going to toss it. So your going to do something. You can’t top his tossing of debt

Isn’t she also diverting funding from public schools to private ones?

WHY DOES HE HAVE VETO POWER AT ALL?! WHY IS HE ALLOWED TO SAY “there is bipartisan support for this but I PERSONALLY DONT LIKE IT SO VETO!” WHY?!

Can't wait for all of the Trump unfeeling, rich, out of touch, unqualified people to be gone!!!

There was a time when you could 'shame' a person into making a better, the right, choice, but I guess it doesn't work when the person has no conscious. (this woman probably has several closets filled with skeletons)

maybe if he fucks over enough of his base, they will finally wake up to the realization that he doesn’t give a shit about them. Never did, never will.

Of, course he would. But he had no problem giving billion-dollar companies $4-$6 trillion during a pandemic. (Talk about looting.!) He serves multi-national corporations and not the people of the US.

On the side of business... what a surprise

'Fraudulent' implies that they did not intend to repay the loan(s) at the time they were taken out. That is obviously impossible to prove, in nearly all cases. So this isn't what it's being sold as. It is a crackdown on those who cannot afford to pay!

WTF?!? So, just not even trying to hide additional evil on a Friday while the country is burning? VoteHimOut

🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼🖕🏼

Can't think why a man who had to pay a $25 million settlement to students he defrauded would side with this

😎

Great.

Defrauded by trump U.

This’ll be a good re-election ploy.

Well it worked with tRump university... until it didn’t fraud Corruption presidentPussyGrabber UnfitForOffice

I really hate Betsy Devos as much as trump. Talk about a Karen, she is thee most entitled B I have ever seen in politics.

Just coz these rich people have money for everything doesn’t mean that everyone one does!! a**h**e!💩

Crooks

Rich making sure they profit from those in debt

Horrible humans.

chumples has made his living ripping people off. birds of a feather

This just in, man who ran a fraudulent university doesn’t want students who got cheated by fraudulent universities to get their money back.

Disgusting

I'm feeling sad for our once great country.

They will both be in prison this time next year

DEFRAUD, that’s how all Americans feel about the trump & his administration

Screw those that can affect the most towards a positive future.

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