States sue Betsy DeVos over student loan rule delay

The Borrower Defense to Repayment rule was created in 2016 and was set to take effect on July 1. But DeVos announced in June that she would delay its implementation. Instead, she directed her department to create committees to review and improve the rules.

The rule would have clarified the federal loan forgiveness process for students who were defrauded or misled by their colleges. While students in this situation could previously apply for forgiveness, the rule would have created …READ MORE