The Department of Education has proposed regulations to protect student borrowers and taxpayers from predatory practices. The new round of regulations strengthens already-existing regulations that grant students loan forgiveness if they can prove that they had been defrauded.
“We won’t sit idly by while dodgy schools leave students with piles of debt and taxpayers holding the bag,” said U.S. Secretary of Education John B. King Jr. “All students who are defrauded deserve an efficient, transparent, and fair path to the relief they are owed, and the schools should be held responsible for their actions.”
