Secretary of Education Betsy DeVos Ends “Gainful Employment Rule”

In 2014, the Obama Administration attached some strings to federal student loan aid going to for-profit colleges and universities. This was the deal: In exchange for continued access to student loan dollars, for-profit schools had to show that students were finding gainful employment upon graduation and paying off their loans. Additionally, the new standard required […]

Disabled Veterans May Receive Automatic Student Loan Forgiveness Under New Bill

‘FREED Vets Act’ Would Provide Average Benefit of $24,000 in Loan Forgiveness Per Eligible Disabled Veteran Nearly 34,000 disabled veterans may receive automatic and total forgiveness for federally-guaranteed student loans. That’s the object of new legislation introduced in the House. The bill, entitled the Federally Requiring Education Debt Discharges for Veterans Act, or FREED Vets […]