Perspective
Jan. 24, 2017
Student loan regulations may hinder recovery
While the Department of Education is giving billions in debt relief to students who took out federal student loans to attend deceptively marketed for-profit schools, new regulations may limit student borrowers' ability to recover payments. By Mark O. Suttle
In a classic case of "no good deed goes unpunished," the Department of Education (DOE) is preparing to extend billions in debt relief to students who took out federal student loans to attend deceptively marketed, substandard for-profit schools that the DOE has almost single-handedly financed for decades.
On Nov. 1, 2016, the DOE issued its Final Regulations, effective July 1, "to establish a new Federal standard and a proc...
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