Susan Davis: “When a college makes promises to recruit students, we expect those promises to be met. Yet time after time we see…”

“When a college makes promises to recruit students, we expect those promises to be met. Yet time after time we see colleges closing or losing accreditation, leaving their students with worthless degrees. There are currently 240,000 defrauded students waiting for loan relief, and more than 40,000 of these students are from my home State of California. These defrauded student borrowers have been needlessly waiting--many for over a year--to obtain this student loan relief. The most inexcusable part of this situation is that the Department of Education, during all this time, could have brought relief to these students using the original borrower defense rule. Instead, this administration has decided to create an entirely worthless rule that, firstly, does almost nothing to help borrowers. Further, it provides clear preference to the very sham colleges that are compromising the integrity and the purpose of the original borrower defense rule. This recent rule is sending a message to the American public that any scammer can open up a school, collect money, defraud our students, and dodge any consequences. It is outrageous to learn about the hundreds of servicemen and -women who have tried to improve their professional standings by enrolling in one of these programs only to end up with a pointless credential and a lot of unconscionable debt.…”