How A ‘Coding Error’ By Obama’s Department Of Education Hurt For-Profit Colleges

At the time, the DOE billed the College Scorecard as “the clearest, most accessible, and reliable national data on college cost, graduation, debt, and post-college earnings.” The site compiled data on more than 7,000 schools over a period of 18 years and supplemented information reported by the various schools with tax records and Treasury department statistics to help users distinguish schools on the economic outcomes of graduates. “Americans will now have access to reliable data on every institution of higher education,” said President Obama as he introduced the scorecard during…

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Trump’s win leaves Obama’s higher education reforms in doubt

Donald Trump’s defeat of Hillary Clinton in the election places eight years of higher-education reform under President Obama in doubt, raising questions about the direction of policies governing financial aid and for-profit colleges. The Obama administration has enacted sweeping changes to the way the federal government provides and collects student loans, kicking banks out of the lending process and expanding a suite of repayment plans tied to income. Those moves rankled Republicans, as did a set of policies pushing tough employment and student-debt-forgiveness rules aimed at for-profit colleges. Now, advocates fear that there…

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Obama’s Student Loan Pardon

As a parting gift to young voters, the Obama Administration last week issued a rule allowing borrowers to discharge billions of dollars in student debt. Tucked in are knick knacks for the plaintiffs bar and another whack at for-profit colleges. The “borrower defense” rule purports to clarify a provision in the Higher Education Act of 1965 that allows the secretary of education to forgive student loans based on “acts or omissions of an institution of higher education.” Progressive groups have been helping for-profit graduates file claims for debt relief, so…

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