The Department of Education will halt the enforcement of two Obama-era regulations placed on for-profit colleges to protect student loan borrowers, the Chronicle of Higher Education reports.
One of the soon-to-be-axed regulations threatens to rescind federal funding to career-preparation programs whose graduates were on track to pay loans that took up too high a percentage of their incomes; the other regulation seeks to give borrowers who felt they had been defrauded by their school a simpler route to loan forgiveness from the federal government than the route they would otherwise have to pursue.
Outside the department, these regulations have faced opposition from for-profit institution lobbyists, as well as the United Negro College Fund and the National Association for Equal Opportunity in Higher Education, the latter two of which expressed concern that the regulations would unfairly penalize historically black schools.
