Teachers Sue Betsy DeVos Over Student Loans

Singapore News News

Teachers Sue Betsy DeVos Over Student Loans
Singapore Latest News,Singapore Headlines
  • 📰 Forbes
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

The American Federation of Teachers (AFT) sued Betsy DeVos and the Department of Education. Here's what you need you to know:

A major teachers union is suing Secretary of Education Betsy DeVos — again.The American Federation of Teachers sued DeVos and the Department of Education for repealing an Obama-era regulation that they claim leaves student loan borrowers stuck with “tens of thousands of dollars of student loan debt” and “worthless degrees.”alleges that DeVos repealed the “gainful employment” rule that would have protected students from for-profit colleges and universities.

The AFT claims that without the gainful employment rule, students cannot make informed decisions about which college or university to attend. As a result, student could default on their student loans at a higher rate, which could cost taxpayers $5.3 billion.DeVos believed the the gainful employment rule was confusing and unfairly targeted for-profit schools.

"My first priority is to protect students," DeVos said in 2017 about gainful employment, and another rule, borrower defense to repayment."Fraud, especially fraud committed by a school, is simply unacceptable. Unfortunately, last year's rulemaking effort missed an opportunity to get it right. The result is a muddled process that's unfair to students and schools, and puts taxpayers on the hook for significant costs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Forbes /  🏆 394. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Can I Get Student Loan Forgiveness?How Can I Get Student Loan Forgiveness?Here's how to get student loan forgiveness - and it's not what you may think.
Read more »

He Got $221,000 Of Student Loan Forgiveness, But Then This HappenedHe Got $221,000 Of Student Loan Forgiveness, But Then This HappenedThis student loan borrower wasn’t expecting this to happen.
Read more »

House to vote on bipartisan Holocaust education billHouse to vote on bipartisan Holocaust education billThe House today is voting on bipartisan legislation to authorize new federal funding to help schools teach students about the Holocaust and anti-Semitism
Read more »

Here’s Your Guide To 2020 Rates For 401k’s, Student Loans & MoreHere’s Your Guide To 2020 Rates For 401k’s, Student Loans & MoreHere's a financial planning guide with all the information you need in one place:
Read more »

Trump moves to gut Obama housing discrimination rulesTrump moves to gut Obama housing discrimination rulesNew Trump administration rules could potentially make it easier for banks to deny loans to black and Hispanic people or for cities to confine poor families to minority neighborhoods
Read more »

California Considers Permitting Students Excused Mental Health DaysCalifornia Considers Permitting Students Excused Mental Health DaysLast summer, Oregon passed a bill that allows students to take excused absences for mental health related issues. Advocates said it would reduce stigma and encourage students to seek necessary treatment. Now, California is considering something similar.
Read more »



Render Time: 2025-03-26 08:43:41