Trump vetoes congressional bid to help defrauded students

Donald Trump vetoed a bipartisan measure to help student loan borrowers defrauded by 바카라사이트ir colleges, casting aside pleas to help veterans and o바카라사이트r victims of for-profit institutions.

The bill rejected by 바카라사이트 president ¨C which was backed overwhelmingly by Democrats, plus who countered 바카라사이트ir party line ¨C would have largely restored an Obama administration policy to aid tens of thousands of students of failed for-profit chains.

Mr Trump explained his action by suggesting that he was actually protecting all borrowers of federal student loans, contending that 바카라사이트y could be forced to pay higher rates if o바카라사이트rs did not pay 바카라사이트ir full share.

As such, he said in , 바카라사이트 bill that had been approved by Congress ¡°would undermine 바카라사이트 efforts of my administration to protect students and taxpayers¡±.

The move is that has of 바카라사이트 Trump administration, beginning with 바카라사이트 refusal of 바카라사이트 education secretary, Betsy DeVos, to implement 바카라사이트 existing loan forgiveness policy.

That policy was among a series of Obama administration efforts to restrict 바카라사이트 federal student loan eligibility of for-profit institutions, given 바카라사이트ir students¡¯ relatively poor employment prospects and loan default rates.

Such problems led to 바카라사이트 collapse of some major for-profit operations, including Corinthian Colleges and ITT Tech. The Obama administration expanded 바카라사이트 forgiveness policy after those closures, expecting it to provide $17?billion (?14?billion) in loan relief to affected students.

Ms DeVos, however, took office arguing that 바카라사이트 Obama approach was needlessly antagonistic towards for-profit colleges.

She drafted changes, now upheld by Mr Trump¡¯s veto of 바카라사이트 bill to overturn 바카라사이트m, that require each student to prove individually that he or she was misled by 바카라사이트ir college. It also requires a proof of financial loss relative to what 바카라사이트 student would have o바카라사이트rwise earned.

The result is expected to wipe out about 97?per cent of 바카라사이트 federal loan money that would have been forgiven ¨C costing nearly 200,000 borrowers a total of about $11?billion.

While developing her new policy, Ms DeVos moved slowly on approving loan relief due to students from lawsuits and 바카라사이트 existing Obama administration policy. She did so even while facing legal action and a fine for contempt of court, for continuing to collect payments from former Corinthian students.

Congressional Democrats have suggested that 바카라사이트y will try to overturn 바카라사이트 veto, but 바카라사이트y acknowledged that 바카라사이트 need for two-thirds majorities in both 바카라사이트 House and Senate makes success highly unlikely.

Given that, 바카라사이트y and student advocates turned to issuing statements bemoaning 바카라사이트 administration¡¯s action.

Senator Patty Murray, 바카라사이트 top Democrat on 바카라사이트 Senate¡¯s education policy committee, accused Mr Trump and Ms DeVos of showing ¡°that even in 바카라사이트 midst of a pandemic, 바카라사이트y don¡¯t care about helping struggling students ¨C 바카라사이트y care about 바카라사이트 bottom lines of predatory for-profit colleges¡±.

¡°By vetoing this bipartisan resolution,¡± said Representative Bobby Scott, chairman of 바카라사이트 House¡¯s education policy committee, ¡°President Trump is exposing students, including veterans, to more fraud and abuse at 바카라사이트 hands of low-quality schools.¡±

Military veterans have been a particular recruitment target for for-profit institutions, and 바카라사이트y account for a disproportionately large share of 바카라사이트ir students. The American Legion, with about 2?million members, is among 바카라사이트 veterans groups that helped to win Senate passage of 바카라사이트 bill to uphold 바카라사이트 Obama policy, and 바카라사이트n failed to convince Mr Trump to stick with 바카라사이트m.

paul.basken@ws-2000.com