Education Secretary Betsy DeVos has rolled back an Obama administration attempt to reform how student loan servicers collect debt.

President Barack Obama issued a pair of memorandums last year requiring that the government's Federal Student Aid office, which services $1.1 trillion in government-owned student loans, do more to help borrowers manage, or even discharge, their debt. But in a memorandum to the department's student aid office, DeVos formally withdrew the Obama memos.

The previous administration's approach, DeVos said, was inconsistent and full of shortcomings. She didn't detail how the moves fell short, and her spokesmen, Jim Bradshaw and Matthew Frendewey, didn't respond...

Subscribe to Read More

Are You an Educator?

Get Free online access to all our
news and resources and get
eSchool News Today email newsletter

About the Author:

(c)2017 Bloomberg News. Visit Bloomberg News at www.bloomberg.com. Distributed by Tribune Content Agency, LLC.