President Trump sided with Education Secretary Betsy DeVos over veterans’ groups, vetoing a measure that would have blocked new regulations that tighten access to student loan forgiveness.
WASHINGTON — President Trump vetoed a bipartisan resolution on Friday to overturn new regulations that significantly tighten access to federal student loan forgiveness, siding with Education Secretary Betsy DeVos over veterans’ organizations that say her rules will harm veterans bilked by unscrupulous for-profit colleges.
The veto will allow stringent rules for students seeking loan forgiveness to take effect on July 1. The rules toughen standards established under the Obama administration for student borrowers seeking to prove their colleges defrauded them and to have their federal loans erased. Even if some borrowers can show they were victims of unscrupulous universities, they could be denied relief unless they can prove their earnings have been adversely affected.
The resolution “sought to reimpose an Obama-era regulation that defined educational fraud so broadly that it threatened to paralyze the nation’s system of higher education,” Mr. Trump said in his veto statement. “The Department of Education’s rule strikes a better balance, protecting students’ rights to recover from schools that defraud them while foreclosing frivolous lawsuits.” It was the president’s eighth veto. Continue reading.