Trump vetoes bipartisan measure against DeVos' loan rules

President Donald Trump on Friday vetoed a measure that would have overturned a policy that Education Secretary Betsy DeVos issued in 2019 making it harder for students to get their loans erased after being misled by for-profit colleges.

The Senate gave final approval to the bipartisan measure in March, dealing a rare rebuke of DeVos from the Republican-led chamber. But Trump on Friday said DeVos' rules are better than an Obama-era policy that would have been restored if the measure succeeded.

In issuing his veto, Trump said the rules created by former President Barack Obama “defined educational fraud so broadly that it threatened to paralyze the nation’s system of higher education.”

He added that DeVos' policy “strikes a better balance, protecting students’ rights to recover from schools that defraud them while foreclosing frivolous lawsuits that undermine higher education and expose taxpayers to needless loss.”

Democrats condemned the move and promised a House vote to override the veto. Rep. Susie Lee, D-Nevada, who led the the bill in the House, said the fight is “far from over.”

"President Trump sent a message to the American people that he cares more about enriching predatory schools than protecting defrauded students and veterans,” Lee said.

A statement from the Education Department thanked Trump for the veto.

“This administration is committed to protecting all students from fraud and holding all schools accountable when they fail their students,” the department said. “This administration’s rule does just that, despite false claims from many corners.”

Lawmakers moved to overturn DeVos’ policy through the Congressional Review Act, which allows Congress to overturn federal rules with a simple majority of both chambers and approval of...