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DeVos releases new lending rules for students cheated out of their colleges



Secretary of Education Betsy DeVos Elizabeth (Betsy) Dee DeVosThe New Terrain of School Voucher Warfare The Office of a Black Education Department employee will benefit students and taxpayers – even at for-profit schools MORE On Friday, a new lending policy was issued introduced to students who were cheated by their colleges.

The new regulations, which come into force on July 1

, 2020, are a recast of the Obama era guidelines that DeVos said did not work. The effort is one of several conducted under President Trump Donald John TrumpTrump to receive Kuwait's leaders in September at the White House in West Virginia. Survey: Manchin leads the acting justice of the GOP with 10 points. US soldier killed in battle in MORE. MORE The administration initiated by its predecessor to repeal or amend regulations.

"If a school cheats students, it has to be held accountable," DeVos said. "There is no room for fraud in higher education and he is not tolerated by this government."

"We believe that this last rule corrects the mistakes of the 2016 rule through common sense and carefully crafted reforms at colleges and universities and fair treatment of students and taxpayers. "

The new guidelines include provisions to help students file complaints, including the possibility for students to claim a certain financial loss and to choose between accepting an institution's teaching offer. If you do not have a chance, or if you provide the department with a closed school discharge, several steps are needed to protect the colleges from student claims.

Among other things, the rules allow institutions to choose their own internal dispute resolution procedures rather than adopting a path prescribed by the federal government. introduce a three-year time limit for the filing of a claim, either from the date of the completion of a pupil or the closure of the school; Borrowers expressly claim the financial loss caused by the misrepresentation of the college. and extend the policy of the Ministry of Education, not to expect a complete exemption from claims.

"With this policy overhaul, Secretary DeVos has solidified her legacy as a best friend for predatory colleges and enemies for the students who rip off her," said Yan Cao, a colleague

With colleges being left on the hook, today's rule sends a clear message that there will be little or no consequences for the return to false representations of deceptions that marked the profit-driven university boom, "added James Kvaal, president of the Institute for Access and Success to colleges, added.

DeVos has emerged as the main democrat target during her tenure. This is largely due to their support for charter schools, the relaxation of nonprofit regulations and the redrafting of sexual assault policies on campus.


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