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

Black Local and National News

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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 students and borrowers to apply for and sec...