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Betsy DeVos Delays Student Loan ‘Borrower Defense’ Rule Until At Least 2019
https://consumerist.com/2017/10/23/betsy-devos-delays-student-loan-borrower-defense-rule-until-at-least-2019/
Despite the pleas — and legal actions — of lawmakers, consumer advocates, and students, Secretary of Education Betsy DeVos quietly announced Friday that the Department of Education will further delay, by nearly two years, rules intended to prevent students at unscrupulous schools from being left with nothing but debt if their college collapses.
The Dept. of Education announced — by way of a notice [PDF] in the Federal Register — that the earliest the Borrower Defense rule could take effect is July 1, 2019; two years after the rule was initially supposed to be implemented.