Durbin Statement On Devos Rule Gutting Student Loan Borrower Defense
WASHINGTON – U.S. Senator Dick Durbin (D-IL) today issued the following statement after Department of Education Secretary Betsy DeVos eliminated the Obama-era Borrower Defense Rule that protects student borrowers and taxpayers from predatory for-profit schools. The rewritten rule issued by DeVos today also eliminates the restrictions on class action bans and mandatory arbitration clauses that were included in the Obama Rule and pushed for by Durbin.
“This rule is another Trump-DeVos giveaway to their for-profit college cronies at the expense of defrauded student borrowers. It’s time for Congress to stand up for students.”
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