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- President Trump on Friday vetoed a measure that would have made it easier for students defrauded by for-profit colleges to obtain the cancelation of their federal student loans.
- By vetoing the bill, Trump sided with his Education secretary, Betsy DeVos.
- "With this veto, this administration chose profiteers over veterans and students," Randi Weingarten, president of the American Federation of Teachers, said in a statement.
- Visit Business Insider's homepage for more stories.
Students defrauded by for-profit colleges will have a much harder time obtaining debt relief thanks to a veto issued by US President Donald Trump on Friday.
Last year, Education Secretary Betsy DeVos issued new rules designed to limit the ability of students — lured into debt by false claims from private universities about high-paying careers that would come with a degree — to have their federal student loans cancelled. In particular, DeVos imposed a three-year time limit on claims for relief and required each appeal to be considered individually, "even if there is evidence of widespread misconduct at an institution," the trade publication Inside Higher Ed reported.
See the rest of the story at Business Insider
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