In a major shift, the federal government will also be able to force colleges to cover the cost when their students are granted loan cancellation because of fraud. Those costs have typically been passed to taxpayers, prompting complaints from conservative critics who say the program too freely cancels debt at the public’s expense.
“The department has cut corners in a rush to ram through a punitive borrower defense rule with serious legal and regulatory flaws that could undermine the American education system,” said Jason Altmire, a former Democratic congressman and president and CEO of Career Education Colleges and Universities.
The new rule erases the 15-day rule, allowing payments to count even if they are made late or in multiple installments. It also allows borrowers to make up to a year of payments in advance in a single sum, rather than making monthly payments. That program cancels federal student debt for people who are permanently disabled and unable to generate significant income. But many have been granted that relief later had their debt reinstated because they failed to submit paperwork during a three-year monitoring period.
Illegal, unconstitutional.
I don't remember Congress voting on this?
QueenBasmin Duped by their colleges?! lol live & learn
Which a president cannot do…only congress can transfer debt owed by a borrower to the tax payer…either AP has a bunch ignorant people working for them or they are pushing a LIE!
I live in a college town. I walk at night sometimes when I can't sleep. Any day of the week there are parties going on until all hours. The town swells with tons of people in fall who then empties out by spring due to people flunking. You're paying for that.
Illegally buying votes.
The college experience is supposed to teach you something…. Maybe the need to be duped to learn not to spend extravagant amounts of money on worthless fodder! Not every degree is worth the paper it’s printed on….
What does public service mean? A government job? Federal? State? Local? Teacher? Gov Contractor? White House Staff? Congressional Senate staff?
‘Aiming to buy votes before midterms on November 8th.’ Is what should’ve been said.
More spending makes perfect sense BidenWorstPresidentEver
i thought that the conservatards appealed this in one of their safe spaces and it’s not available any more. seriously can’t keep up with this bullshit
That’s right Americans, you Pay for the losers that made shitty career/ degree choices lol. It’s your fault not theirs 🤡
It’s race based.
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Forging ahead on federal student loan forgiveness -- what's next?Are you among the 43 million student loan borrowers who are getting $10,000 – $20,000 forgiven? Here’s how to minimize delay in the relief – and what to do with the extra money to boost your financial wellness. Lol it's unconstitutional and not going to happen. Buy votes Are you amongst society’s slackers, that my working kids (who paid for their degrees) must support? Sad state of affairs
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