President Donald Trump on Friday sided with Education Secretary Betsy DeVos and her plans to make it harder to forgive the debt of defrauded student loan borrowers
.
It’s the eighth time that Trump has vetoed legislation since taking office — and the first on a domestic policy issue. In the Senate, the measure similarly did not pass by a veto-proof margin, even though 10 Republicans broke with DeVos and joined with Democrats on a 53-42 vote in March. It’s unclear whether Senate leaders will bring up an override vote.
In a statement on Friday before the veto, James “Bill” Oxford, the national commander of the American Legion, said that the group was “hoping that President Trump will once again come to the aid of student veterans,” and that DeVos’ rule made it “nearly impossible for veterans to successfully” obtain loan forgiveness if they were deceived by a school.
Trump’s veto, barring a successful override, clears the path for DeVos’ rule to take effect on July 1, as scheduled. DeVos’ rule revises Obama-era standards for debt relief, known as “borrower defense,” which were finalized in 2016 in response to misconduct by for-profit colleges. The Education Department estimated that the stricter rules will reduce loan forgiveness by hundreds of millions of dollars each year, compared with the Obama-era policy, saving taxpayers more than $11 billion over the next decade.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Trump Vetoes Congressional Override Of DeVos RuleTrump's veto will make it harder for defrauded students to get debt relief.
Weiterlesen »
Trump and Churchill: A new book looks at both, and chooses TrumpDonald Trump, as described in a new book with the grandiloquent title “Trump and Churchill: Defenders of Western Civilization,” purports to show how an untested, bombastic real estate speculator grew into greatness.
Weiterlesen »
Betsy DeVos Demands That Public Schools Share Pandemic Aid With Private Schools“There is nothing in the act suggesting Congress intended to discriminate between children based on public or nonpublic school attendance, as you seem to do,' she says. 'The virus affects everyone.”
Weiterlesen »
Trump order may seek to limit social-media companies’ legal protectionsA draft of an executive order President Donald Trump is expected to sign on Thursday would seek to limit the broad legal protection that federal law currently provides social-media and other online platforms, according to people familiar with the draft.
Weiterlesen »
Trump Draft Order Could Seek to Limit Protections for Social-Media CompaniesThe draft order would make it easier for federal regulators to hold companies such as Twitter and Facebook liable for curbing users’ speech, for example by suspending their accounts or deleting their posts.
Weiterlesen »
POLITICO Playbook: Violence in Minneapolis, as Twitter flags a new Trump tweetThe president seems absolutely certain to present himself as talking tough truths about violent protesters, and Twitter as trying to sanitize the reality
Weiterlesen »