Political Quotes

“we are likely to postpone a vote this week that had been scheduled on a Congressional Review Act resolution of disapproval relative to Education Secretary Betsy DeVos's new borrower defense rule. I would like to explain the background behind this procedure. Although it is likely it will be postponed until after our 1-week President's Day recess, I still think Members should reflect on the importance of this measure. In 1992 Congress added a provision to the Higher Education Act that allowed student borrowers who were defrauded by their schools to have their Federal student loans discharged. Here is what it boiled down to: The Federal Government recognizes the accreditation of colleges and universities. With that recognition, those colleges and universities can offer Federal loans to the students who attend. So there is a partnership that begins this process and this relationship, and the partnership is a seal of approval by the Federal Government in the authorization of Federal loans. What we found was that some of the institutions that were given permission to authorize Federal student loans for those attending their institutions, in fact, were lying to their students. So the students were in a situation where they incurred a debt in student loans for promises made by a college or university that turned out to be false. We said that under the law, that is not fair to the student and the student's family.…”