Department Of Education Releases New Student Loan Forgiveness Rule

The video discusses a new rule on loan forgiveness for students defrauded by colleges. The rule aims to treat students and taxpayers fairly but faces criticism for making debt cancellation harder. It revises Obama-era policies, which DeVos claims were ineffective. The rule is expected to save $11.1 billion over ten years. Critics argue it allows schools to exploit federal aid while the rule applies to loans from July 1, 2020, onwards.

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