The for-profit college industry will further challenge an Obama-era rule granting student debt relief despite the mandate going into effect this week. Trump’s Department of Education, criticized for siding with for-profit colleges, had vehemently tried to block the rule.
RELATED: No Surprises Here: Betsy DeVos’ New Student Debt Proposal Hurts Students Screwed Over By Shady Schools
A federal judge pushed for the Borrower Defense to Repayment mandate, which took effect Tuesday after a long-winded fight by Trump’s administration, CNN reported. Attorney generals in 18 states and the District of Columbia had sued Education Department Secretary Betsy DeVos last year over delaying the rule’s implementation. Now, with the judge’s ruling, hundreds of thousands of students will get quicker pardons for debt penalties.
Many of the affected students are African-Americans, who are more likely to feel the burden of student debt. Seventy-five percent of Black students who enrolled at for-profit colleges for the 2003-2004 school year and left schools defaulted on loans, according to federal data published last October.
Under the debt relief rule, some students, including those of color, will receive automatic federal loan forgiveness if they weren’t allowed to complete their education because their schools shut down while they were enrolled. More than 1,000 schools had closed between 2013 and 2015, according to estimated data by The Century Foundation, a left-leaning think tank.
Overall, the government will now have to process student debt claims through a faster, easier method.
The rule is a win for the Obama era and students of color. However, the for-profit college industry wants to avoid losing their fight indefinitely. The industry’s challenge against the Borrower Defense to Repayment will proceed, with the California Association of Private Postsecondary Schools having brought a lawsuit challenging protections for student borrowers. Debt relief advocates will also continue their fight to stop for-profit colleges from defrauding students and ignoring systems of checks and balances.
Real Life Uncle Ruckus! Minister Jesse Lee Peterson: ‘Black People Have Been So Violent Over The Years‘
Frazzled White Woman Calls Police On Black Children: ‘It’s Like A Riot Out Here!‘
Trump Loses To Obama With Student Debt Relief Ruling On For-Profit Colleges was originally published on newsone.com
Singer DaniLeigh Hit With DUI Charge, Victim Suffers Spine Injury After Being Dragged On Moped
Indecent Exposure! Celebrities Who Happily Show Off Their “Hoo-Ha” (NSFW PHOTOS)
Megan Thee Stallion Spotted With Soccer Player Romelu Lukaku Amid Pardi Fontaine Breakup Rumors, Twitter Hilariously Heartbroken
30 Photos Of Cardi B’s Ass
Nicki Minaj Gives Us A Photo Dump... Of Her DUMP [Photos]
Iconic Singer Tina Turner Dead at 83
27 Insane Pictures Of Iggy Azalea’s Booty (PHOTOS)
19 Pictures Of Taylor Swift’s Booty (PHOTOS)