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The Saker
A bird's eye view of the vineyard

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offsite link Moveable Feast Cafe 2020/11/25 ? Open Thread Wed Nov 25, 2020 05:30 | Herb Swanson
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Spirit of Contradiction

offsite link The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

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offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

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New Student Loan Rule Sides with For-Profit Colleges

category international | economics and finance | press release author Friday July 27, 2018 19:28author by Lydia Andrews - Jubilee USA Network Report this post to the editors

This week the US Department of Education proposed new student "borrower defense" rules.

This week the US Department of Education proposed new student "borrower defense" rules.

"If implemented, these rules place a greater burden on students to prove their case for debt relief when for-profit colleges mislead or defraud them," stated Jubilee USA Executive Director Eric LeCompte. LeCompte's organization supported 2016 federal regulations that allowed students to receive debt relief after the collapse of two for-profit schools, ITT Technical Institute and Corinthian Colleges.

Because the bar would be higher for students to prove their case for debt relief under the new rule, the Trump Administration argues federal student debt relief would be reduced by $13 billion over 10 years. The regulations now face a 30 day open federal comment period. If the Administration finalizes the rules, they could go into affect in 2019.

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