New DeVos Loan Forgiveness Plan: Another Assault On Students And Gift To Predatory Schools

It took Betsy DeVos nearly a year to take any action on the nearly 100,000 applications by former students who assert that they were deceived and abused by predatory for-profit colleges like Corinthian, ITT and Kaplan. But the new process announced today appears to be a step backwards, a new attack on students, and a gift to the most abusive predatory schools.

In addition to denying thousands of claims today, DeVos outlined new standards that rip off injured students by limiting their debt relief through weighing of their income, often even if they have only a low-wage, part-time job, and even if that job has nothing to do with the training they received at the offending college. It’s somewhat unclear from department statements and media reports exactly how the comparisons will be made, but it appears the new approach would punish those students who have overcome the obstacles of a deceptive, subpar education and found a way to support themselves.