Biden administration rolls back Trump-era guidance in win for borrowers

The U.S. Department of Education (ED) scrapped another Trump-era policy on student loans, enabling state governments to resume oversight of loan servicers on behalf of borrowers within their borders.

In March 2018, the ED under former Education Secretary Betsy Devos posted a legal interpretation on the Federal Register — a publication kept by the federal government about proposed rules and public notices — that effectively blocked state governments and attorneys general from taking…


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