David Halperin's article in the Republic Report reveals that a California-based trade group largely comprised of for-profit colleges sued Trump Education Secretary Betsy DeVos to block a 2016 Obama administration regulation, called the borrower defense rule, aimed at protecting students from predatory college practices.
The rule also deters irresponsible behavior by another key actor, the Department of Education itself, because if the Department knows that it will have to cancel loans from fraudulent schools, it will work harder as a gatekeeper to prevent money from going to those schools in the first place. Of course, that’s exactly what bad actors in the industry are worried about. They’re also whining, as the new lawsuit does, about the provision requiring shaky schools to post letters of credit, even though students and taxpayers have been left holding the bag after the collapse of scam schools like Corinthian, ITT, Westwood, FastTrain, ATI, and ACI, and many others.
And, with this case, for-profit colleges are acting out the audacious proposition that they can sue the federal government for the right to prevent their students from ever suing THEM, regardless of how bad their behavior is, and regardless of how much taxpayer money they receive.
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The rule also deters irresponsible behavior by another key actor, the Department of Education itself, because if the Department knows that it will have to cancel loans from fraudulent schools, it will work harder as a gatekeeper to prevent money from going to those schools in the first place. Of course, that’s exactly what bad actors in the industry are worried about. They’re also whining, as the new lawsuit does, about the provision requiring shaky schools to post letters of credit, even though students and taxpayers have been left holding the bag after the collapse of scam schools like Corinthian, ITT, Westwood, FastTrain, ATI, and ACI, and many others.
And, with this case, for-profit colleges are acting out the audacious proposition that they can sue the federal government for the right to prevent their students from ever suing THEM, regardless of how bad their behavior is, and regardless of how much taxpayer money they receive.
Read more -
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