Senator Patty Murray (D-WA), ranking member of the Senate Health, Education, Labor, and Pensions (HELP) Committee released the following statement on Secretary DeVos’ decision to further delay the effective date of the “borrower defense” rule for another two years, which provides relief to students who have been defrauded by predatory for-profit colleges, including Corinthian Colleges. In June, Secretary DeVos delayed implementation of the rule, which was set to go into effect July 1, 2017. Today’s notice delays the borrower defense rule until at least July 1, 2019.
“Given the significant number of former for-profit college executives employed by the Department of Education, it’s no surprise Secretary DeVos is doubling down on her commitment to put corporations’ bottoms lines ahead of students and borrowers’ best interests. Instead of giving predatory corporations the green light to continue to take advantage of students, Secretary DeVos needs to stop these outrageous delays and start providing relief to the tens of thousands of students who have been cheated out of their education and savings.”
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