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July 27, 2018

Education Secretary DeVos Seeks Limit on Debt Relief for Defrauded Students
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Education Secretary Betsy De Vos has proposed new rules that would cut
an estimated $13 billion in federal student loan relief for people who
were defrauded by for-profit colleges. De Vos's changes would roll back
the so-called borrower defense rule proposed by President Obama after
the collapse of ITT Tech and Corinthian College, but halted by the Trump
administration last year. In response, Massachusetts Attorney General
Maura Healey tweeted, "Betsy De Vos rewrote the #Borrower Defense rule
to let predatory schools cheat their students and enrich their
executives. No surprise." De Vos is a billionaire Republican activist,
heir to the Amway fortune, and the sister of Blackwater founder Erik
Prince. Last weekend, De Vos's $40 million, 163-foot yacht was damaged
after it was unmoored while in port on Lake Erie in Ohio. It's not clear
whether the ship-which is one of 10 owned by her family-was let loose
intentionally.


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