Education Secretary Betsy DeVos has a plan regarding student loans and it seems to be fair for all parties. Time will tell.

New Loan Forgiveness Rule Aims To Help Students Defrauded By College


Education Secretary Betsy DeVos announced Friday a new rule on loan forgiveness that aims to help relieve students of debt who have been defrauded by colleges, according to the Associated Press.
DeVos said the Obama-era regulations were not working and that the new rule will “treat students and taxpayers fairly.”


The re-write is the most recent attempt of the Trump administration to focus its efforts on improving student loan repayment but also to reduce rules supported under the Obama administration, according to AP. 

The new rule requires borrowers to provide documentation as evidence students faced financial hardship and requires students file a claim within three year of graduating.  The re-write is the most recent attempt of the Trump administration to focus its efforts on improving student loan repayment but also to reduce rules supported under the Obama administration, according to AP.
The new rule requires borrowers to provide documentation as evidence students faced financial hardship and requires students file a claim within three year of graduating.

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