05/29/2020 | Press release | Distributed by Public on 05/30/2020 10:04
PHILADELPHIA, PA - Congressman Brendan F. Boyle (PA-02) released the following statement after President Trump's decision to veto bipartisan legislation (H.J. Res. 76) aimed to forgive the debt of student loan borrowers who were defrauded by for-profit institutions.
'I am outraged by the President's decision to overtly side with Secretary Devos over struggling students and veterans during a time of heightened financial uncertainty,' said Congressman Boyle. 'This was bipartisan legislation that prioritized veterans, students, and taxpayers over politics. Under the Higher Education Act, student borrowers who are defrauded are entitled to financial relief; but now, even in cases where these for-profit schools have clearly violated law by using fraudulent or misleading ads, students must navigate a new, burdensome process that circumvents justice. Today's veto by the President is another example of his continued failure to prioritize the American people over his own interests. He is defending predatory, for-profit schools, like Trump University, over the hardworking students and veterans that fall victim to these deceptive practices.'
Congressman Boyle was a co-sponsor of the resolution, H.J. Res. 76, that would overturn Secretary DeVos' rule. The rule creates stricter standards to 'borrower defense,' a policy that was finalized in 2016 in response to misconduct by for-profit colleges, and allows these fraudulent schools to shift restitution costs onto taxpayers.