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He noted that many students had been scammed by predatory for-profit schools, which Ms. DeVos was accused of having favored with her policies. Nine per cent of high school graduates attend for-profit colleges and universities, but 34 per cent of delinquent loans belong to these students.
"No student should be cheated, and if there is fraud, there are consequences, and there will be consequences," said Ms. DeVos. "But we should not judge institutions based on their tax status. Let's be very honest here; there are bad actors on both sides of the equation. "
She added with some indignation: "Let's talk about non-profit organizations doing bad work, being bribed, lying to improve their stats on US News and World Report" , referring to the recent scandal of admissions to Ivy League colleges and other elite institutions.
Since taking office, Ms. DeVos has attempted to reorganize the 2016 process launched by the Obama administration, supposed to allow students to obtain loan relief after their colleges have been found to have misled them by making them believe that they had made false promises of employment. . The Obama administration has approved almost 30,000 such requests, estimated at $ 450 million, during its last year in office. The Ministry of Education has approved 16,155 projects from January 1, 2017 to December 31, 2018.
The Obama administration has rewritten the borrowers defense rule, which was virtually unknown until 2015, when two large for-profit chains, the ITT Technical Institute and Corinthian Colleges, began to s & # 39; collapse. The new rule was to come into effect in 2017.
But Ms. DeVos has delayed the publication of what she called "free money" and has decided to reduce its scope to only repay the debts of students who, regardless of the actions of their school, do not manage to gainful employment and can prove that they have suffered further harm.
A 2017 report from the department's Inspector General revealed that the Obama process had some shortcomings. DeVos has put in place a tiered system to provide partial relief to some borrowers, but these measures have been overturned by the courts. The ministry then went beyond the deadline to rewrite the rules, which were to come into effect this year.
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