Education Secretary Betsy DeVos late Friday issued a new rule on loan forgiveness for students defrauded by their colleges, a rewrite of Obama-era regulations that advocates say will make it tougher for students to get relief.
DeVos said schools must be held accountable but the Obama rule wasn’t working. The new rule, she said, will “treat students and taxpayers fairly.”
Loans issued on July 1, 2020, or later would be affected by the new rule. The department estimates it will…
