- Jul 13, 2005
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Everytime I see her mug plastered online it just makes me puke!! For real! She should not even be involved at all in anything education related!! Don`t get me started on this student debt issue!!!
Sure it is a meaningless vote that will never got for a vote in the Senate....but that's OK!!
Democrats vote to overturn Betsy DeVos rules on student debt
www.yahoo.com
The House Labor and Education Committee voted on legislation Thursday that would overturn Education Secretary Betsy DeVos’ new policy on student debt discharge that goes into effect on July 1st, 2020.
The Democrats’ legislation would reinstate Obama-era rules, which provided relief for students who were defrauded by for-profit colleges and ended up bearing student loans to that school. Since assuming her position, Secretary DeVos has “openly refused to implement the Borrower Defense rule, which has left hundreds of thousands of defrauded borrowers waiting for relief,” the Democrats stated.
While it’s unlikely that Democrats’ legislation will become law — after it passes the House, it needs to pass the Senate and be signed into law by the President, which has already been dismissed by the White House — House Education and Labor Chairman Bobby Scott said it is ultimately a meaningful exercise: “It is a statement, and it gives opportunity to debate the regulation in a way that ... people don’t know about it.”
In an interview with Yahoo Finance, Scott added that “this new regulation on student loans … is so outrageous that I think it cannot go without comment,” and questioned ED’s unwillingness to act. “How long does it take to get this thing straight?” he asked. “We’ve applied as much pressure as we can — I mean, you’d think they’d function. … There’s no sense of urgency.”
‘Education is a national priority’
The Democrat-controlled committee has voted to reverse DeVos’ policy regarding the Obama-era Borrower Defense Rule, using the Congressional Review Act. Republicans, meanwhile, argued for the administration position.
“President Obama’s … flawed borrower defense regulations abandoned due process and limited student choice,” Rep. Virginia Foxx (R-NC) said on the House floor. “They want to actually harm the students they claim they want to help.”
Noting a major incident last year, when U.S. Magistrate Judge Sallie Kim in San Francisco held DeVos in contempt of court for violating an earlier order to stop collecting on loans from former students of a collapsed for-profit chain, Democrats stressed that DeVos “still refused to provide defrauded borrowers the relief they desperately need.”
Democrats added that instead, the department had come up with a new rule in August last year that was way more complicated and much more restrictive.
According to a report by the nonprofit Institute for College Access & Success, 53% of defrauded students’ debt was forgiven under Obama-era rules. That number fell to just 3% in DeVos’ term.
Very long article....keep reading....
Sure it is a meaningless vote that will never got for a vote in the Senate....but that's OK!!
Democrats vote to overturn Betsy DeVos rules on student debt
Democrats vote to overturn Betsy DeVos rules on student debt
The House Labor and Education Committee today voted on legislation Thursday that would overturn Education Secretary Betsy DeVos’ new policy on student debt discharge that goes into effect on July 1st, 2020.
www.yahoo.com
The Democrats’ legislation would reinstate Obama-era rules, which provided relief for students who were defrauded by for-profit colleges and ended up bearing student loans to that school. Since assuming her position, Secretary DeVos has “openly refused to implement the Borrower Defense rule, which has left hundreds of thousands of defrauded borrowers waiting for relief,” the Democrats stated.
While it’s unlikely that Democrats’ legislation will become law — after it passes the House, it needs to pass the Senate and be signed into law by the President, which has already been dismissed by the White House — House Education and Labor Chairman Bobby Scott said it is ultimately a meaningful exercise: “It is a statement, and it gives opportunity to debate the regulation in a way that ... people don’t know about it.”
In an interview with Yahoo Finance, Scott added that “this new regulation on student loans … is so outrageous that I think it cannot go without comment,” and questioned ED’s unwillingness to act. “How long does it take to get this thing straight?” he asked. “We’ve applied as much pressure as we can — I mean, you’d think they’d function. … There’s no sense of urgency.”
‘Education is a national priority’
The Democrat-controlled committee has voted to reverse DeVos’ policy regarding the Obama-era Borrower Defense Rule, using the Congressional Review Act. Republicans, meanwhile, argued for the administration position.
“President Obama’s … flawed borrower defense regulations abandoned due process and limited student choice,” Rep. Virginia Foxx (R-NC) said on the House floor. “They want to actually harm the students they claim they want to help.”
Noting a major incident last year, when U.S. Magistrate Judge Sallie Kim in San Francisco held DeVos in contempt of court for violating an earlier order to stop collecting on loans from former students of a collapsed for-profit chain, Democrats stressed that DeVos “still refused to provide defrauded borrowers the relief they desperately need.”
Democrats added that instead, the department had come up with a new rule in August last year that was way more complicated and much more restrictive.
According to a report by the nonprofit Institute for College Access & Success, 53% of defrauded students’ debt was forgiven under Obama-era rules. That number fell to just 3% in DeVos’ term.
Very long article....keep reading....
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