HARTFORD, Conn. — Connecticut Attorney General George Jepsen is joining 18 other attorneys general in suing U.S. Education Secretary Betsy DeVos and the U.S. Education Department for abandoning a rule to hold colleges and universities accountable for abusive practices that helped them capitalize on federal student loans.
The Borrower Defense Rule was finalized by the Obama administration in November 2016 after nearly two years of negotiations, following the collapse of Corinthian Colleges, a national for-profit chaim. The rule was designed to hold abusive higher education institutions accountable for cheating students and taxpayers out of billions of dollars in federal loans.
Under the rule, a successful enforcement action against a school by a state attorney general entitles borrowers to obtain loan forgiveness, and enables the U.S. Department of Education to seek repayment of any amounts forgiven from the school.
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