President Trump on Friday vetoed a bipartisan resolution to overturn new regulations that tighten access to federal student loan forgiveness, The New York Times reported. Set to take effect July 1, Education Secretary Betsy DeVos' rewrite of the Obama-era borrower defense to repayment rule sets more stringent guidelines for when the government will cancel the debt of student loan borrowers that were misled or deceived by a college.
Congress in March finalized legislation to block the Trump administration's updated regulations.
In vetoing the measure, Trump called it "a misguided resolution that would increase costs for American students and undermine their ability to make choices about their education in order to best meet their needs."
Although the White House had long signaled the move, veterans groups that strongly oppose the regulation had implored Trump to stand with members of the military who they say are routinely preyed upon by unscrupulous schools for their lucrative GI Bill education benefits, reported The Washington Post.
"Veterans have been aggressively targeted due to their service to our country," American Legion National Commander James W. Oxford said in a written statement. "Student veterans are a tempting target for certain online and for-profit schools to mislead with deceptive promises, while offering degrees and certificates of little-to-no value."
The Congressional Review Act resolution, H.J. Res. 76, now heads back to Congress. House Democrats have already scheduled a vote to override the White House veto, the Times reported. However, the resolution did not pass the Republican-controlled Senate by a veto-proof margin.
Related Links
The New York Times
https://www.nytimes.com/2020/05/29/us/politics/devos-trump-student-loan-rules.html
The Washington Post
https://www.washingtonpost.com/education/2020/05/29/trump-stands-with-devos-vetoes-bill-overturn-her-controversial-student-loan-forgiveness-rule/