NSLDN Issues Statement on Secretary DeVos's Proposed Borrower Defense Rule

On July 25, 2018, the National Student Legal Defense Network issued the following statement on the proposed Borrower Defense Rule announced by the U.S. Department of Education. For a complete copy of the statement, click here.

“Today’s proposal is a giveaway to predatory for-profit colleges and a stunning show of indifference toward students working to better their lives. Make no mistake, the proposal destroys the rights of student loan borrowers—especially low-income students and students of color. With the stroke of a pen, Secretary DeVos and her team of former for-profit college executives have proposed giving fraudulent institutions de factoimmunity while effectively stripping their victims of a realistic path to debt relief. If any version of this proposed rule were to go into effect, predatory companies will make out like bandits. Meanwhile, students, taxpayers, and institutions that try to play by the rules will be left holding the bag.”

- Aaron Ament
President, NSLDN