Trump Administration to Roll Back Obama-Era For-Profit Colleges Rules

Trump Administration to Roll Back Obama-Era For-Profit Colleges Rules

But a number of states are now attempting to step in to do the job the Department of Education won't.

A group representing many for-profit colleges in California has sued the Department of Education seeking to block the borrower defense rule from going into effect.

One of the rules, known as the Borrower to Defense Repayment regulation, was scheduled to take effect next month. However, after today's announcement from Secy.

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Education Secretary Betsy DeVos will announce that the agency will establish committees to rewrite both sets of regulations. "Promises made to students under the current rule will be promises kept", she stressed.

The group maintained that it isn't just looking out for its own members with the lawsuit, instead claiming that many traditional schools are at risk under the proposed regulations.

"The final rule exposes all schools to massive new liability, and likely will be particularly harmful to schools serving low-income and minority students", the suit stated.

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Also, insider Anna Manz purchased 1,054 shares of the business's stock in a transaction on Friday, March 31st. Barclays Capital maintained it with "Equal Weight" rating and GBX 440 target in Wednesday, February 1 report.

The second rule provides students defrauded by their colleges a streamlined path to loan forgiveness. The other, called the Gainful Employment regulation, is already on the books.

In his questioning, he said he is especially trouble by the budget's impact on funding for schools in rural communities, Medicaid in schools, and substance abuse counseling in schools, which are especially important in the Mountain State. Colleges and universities are especially concerned about the excessively broad definitions of substantial misrepresentation and breach of contract, the lack of meaningful due process protections for institutions and "financial triggers" under the new rules. DeVos's announcement, but have not yet received a response. Separately, 2,000 MA students who attended Corinthian Colleges, a for-profit chain that went bankrupt in 2015, also were eligible for loan discharges. The coalition calls for the DOE to waste no time in reviewing and approving student loan forgiveness applications related to this case. Once this timeframe is over, the students face restarting monthly payments on debts that should be canceled. "We are working with servicers to get these loans discharged as expeditiously as possible".

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Justice Clarence Thomas , joined by Justices Samuel Alito and Neil Gorsuch , dissented from part of the court's opinion. When does this take effect? Since October about 48,800 refugees have allowed to move to the United States .