Massachusetts Attorney General Maura Healey is calling out U.S. Education Secretary Betsy DeVos for repealing federal student loan regulations. Healey and 20 other attorneys general have sent a to DeVos, opposing her decision to rollback protections for student borrowers.
Under the Obama administration, the Education Department issued guidance designed to make student borrowers more aware of the range of college loan repayment plans and to reduce the number of defaults.
Earlier this month, Secretary DeVosthe Obama-era guidance, citing costs to taxpayers and “a lack of consistent objectives.”
In her letter, Healey says DeVos's decision derails what she calls “common sense student loan servicing reforms” and may lead borrowers to pay more than they need to.
The Department of Education has yet to respond to the letter and did not immediately return calls for comment.
Read the letter to DeVos.