Betsy DeVos. Photo: Alex Wong/Getty Images The president of the United States is the former proprietor of a for-profit pseudo-university that encouraged cash-strapped single parents to buy worthless degrees in real-estate investing by taking on massive credit card debt. His secretary of Education is a longtime champion of private schools, who has invested part of her (considerable) fortune in for-profit education ventures. In a shocking development, some states say that these individuals are trying to reshape federal policy to put the interests of for-profit schools above those of their students. On July 1, the Education Department was supposed to begin enforcing rules written in the final days of the Obama administration that make it easier for students defrauded by for-profit colleges to have their debts forgiven. The regulations would also prohibit schools from making their students sign mandatory arbitration agreements. But Donald Trump’s pick to lead that agency, Betsy DeVos, opted to postpone the enactment of those regulations, arguing that they created “a muddled process that’s unfair to students and schools, and puts taxpayers on the hook for significant costs.” Legally, the administration justified its delay by citing a pending legal challenge to the rule from a California association of for-profit… Read full this story
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