"Several advocacy groups on Wednesday assailed a U.S. Department of Education plan to roll back a pair of Obama administration regulations meant to protect students from shady colleges that leave students saddled with debt and little to nothing to show for it," Diverse: Issues in Higher Education reports.
"They used words such as 'terrible,' 'toxic,' 'irresponsible' and 'worrisome' to lambaste Wednesday’s announcement from U.S. Secretary of Education Besty DeVos that her department plans to set up two negotiated rulemaking committees to produce new versions of the so-called 'borrower defense' and 'gainful employment' regulations.
... Others had a more balanced and restrained response without any commendations or criticisms.
'We take the Secretary at her word that the Department is interested in renegotiating these regulations in good faith to ensure adequate protections for borrowers while balancing fair accountability standards for colleges,' said Justin Draeger, president of the National Association of Student Financial Aid Administrators, or NASFAA.
'We have several questions regarding the regulations currently on the books that we will be sending to the Department of Education in the near future,' Draeger said. 'The financial aid community plans to be active participants in these upcoming regulatory processes.'"
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Publication Date: 6/15/2017