DeVos Hands For-Profit Colleges $11.1 Billion Over 10 Years

Black Local and National News

by Staff 27 Views

By Charlene Crowell, NNPA Newswire Contributor

Most consumers would likely agree that consumers should get what they pay for. If a product or service fails to deliver its promises, refunds are in order.

That kind of thinking guided the Obama Administration’s decision to address false promises made to student loan borrowers.

A rule known as the “borrower defense to repayment,” came on the heels of successive for-profit college closures that left thousands of students stranded educationally and financially. The federal rule provided a way for snookered st...

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