Political Quotes

“Mr. Speaker, I thank the gentleman for yielding. I rise in strong support of the resolution to override the President's veto. In 2016, the Obama administration issued the borrower defense rule in order to provide relief to student borrowers defrauded by predatory for-profit institutions, which promised an education and credentials to pursue a career only to find these credentials did not have the value they were promised. In the aftermath of the collapse of institutions like Corinthian Colleges and ITT Technical Institute, the Obama administration sought to provide relief to those students left out in the cold. The borrower defense rule provided a path to relief to those students who sought to receive an education but were instead left with nothing but debt and few paths forward. Sadly and predictably, the Trump administration ended these protections and implemented a rule making it harder to obtain relief, siding with predatory for-profit institutions rather than the victims-- the students and veterans--of these wrongdoers. According to the Institute for College Access and Success, the number of students eligible to seek debt relief or loan forgiveness will drop from 53 percent of borrowers under the Obama-era rule to just 3 percent under the Trump rule. In response, Congress, in a bipartisan way, came together to reject the administration's rule change, rejecting efforts to leave defrauded students out in the cold. The President vetoed this relief.…”