A big win for Betsy DeVos.
The House of Representatives failed to override President Donald Trump’s veto of a major student loan forgiveness bill.
Here’s what you need to know.
In a big win for Education Secretary Betsy DeVos, House Democrats failed to override Trump’s veto of a major student loan forgiveness bill by a vote of 238-173. A two-thirds majority is required to override a presidential veto. Last month, Trump vetoed congressional legislation that would have overturned a key student loan forgiveness rule drafted by DeVos and the U. S. Education Department. In March, the U. S. Senate voted 53-42 to overturn a new student loan forgiveness rule that critics say would limit student loan forgiveness for students when a college closes due to fraud. All Senate Democrats and 10 Republicans voted on a bipartisan basis. The House of Representatives overturned the rule in January by a vote of 231-180.
So, what does this failure to override a presidential veto mean? Effective July 1,2020, new student loan forgiveness rules will be instituted. The student loan forgiveness rules are known as borrower defense to repayment, which allow students to have their federal student loans forgiven if a school employed illegal or deceptive practices to encourage the students to borrow debt to attend the school.
