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Trump backs DeVos plan to limit student debt relief

Published : Saturday, 30 May, 2020 at 11:15 PM  Count : 267

Trump backs DeVos plan to limit student debt relief

Trump backs DeVos plan to limit student debt relief

The US President Donald Trump on Friday backed with Education Secretary Betsy DeVos and her plans to make it harder to forgive the debt of defrauded student loan borrowers.

Trump vetoed bilateral legislation that blocked a DeVos policy that restricts debt relief to fraudulent student loan recipients.

Trump backed DeVos over the veterans' objections, telling him that they had called for the move to end a ban that would make it too difficult for their members to get help if they were cheated by colleges.

But Trump said in a veto message that he stood by DeVos ' rule because it would "protect students and taxpayers." He said the policy would create "a fair process" that would "provide appropriate relief to students affected by their educational institutions".

This is the eighth time Trump has vetoed the law since taking office - and the first on domestic policy.

The Congressional Review Act resolution now goes back to Congress, where the House or Senate is unlikely to be able to override Trump's veto.

House leaders are preparing for the July 1 override vote, but there doesn’t seem to be a vote to do so. The bill, which initially cleared the House by a 231-180 vote in January, requires a much smaller number than a two-thirds majority.

In the Senate, similar measurements did not pass through veto-proof margins, although 10 Republicans broke with DeVos and joined Democrats in March with 53-42 votes. It is unclear whether Senate leaders will bring an override vote.

Earlier this year, the White House threatened to veto the law through the House and Senate. But Trump told GOP senators in a private meeting that he was "neutral" on the proposal.-Internet


Related Topics

Loans   Debt   US  

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