AFR, 56 Orgs support S.J. Res 56 to disapprove DeVos Borrower Defense rule

AFR joined 56 other organizations to write in support of S.J.Res. 56 and H.J.Res.76 to undo Education Secretary DeVos’ 2019 Borrower Defense to Repayment rule. The DeVos rule gutted the Obama Administration’s 2016 rule that added further protections to students who are entitled to debt cancellation after their schools broke the law. An analysis of the Department’s own calculations estimates that only 3 percent of the loans that result from school misconduct would be cancelled under the new rule. Schools would be held accountable for reimbursing taxpayers for just 1 percent of these loans.

You can find a link to a pdf of the letter here.