Trump’s First 100 Days: Weakening Consumer Protections for Student Loan Borrowers

By Amelia Collins, Policy Analyst, NCLR

The president proposed an ambitious student debt plan during the campaign last year. He called student loan debt an “albatross” hanging on the necks of borrowers, proposed a generous and streamlined repayment plan, and stated that the government shouldn’t “profit” off its student loan program. However, instead of using the first 100 days of his presidency to follow through on these promises, President Trump and Secretary of Education Betsy DeVos have rolled back crucial consumer protections for our nation’s 40 million student loan borrowers.

Let’s set the stage.

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On the Betsy DeVos Nomination: We Oppose

Education Secretary Nominee Betsy DeVos. Photo: betsydevos.com

Yesterday NCLR sent a letter to Senate Committee on Health, Education, Labor & Pensions Chairman Lamar Alexander and Ranking Member Patty Murray opposing the nomination of Betsy DeVos for U.S. Secretary of Education.

One in four children in U.S. schools are Latino, and that number will only rise. It is critical that their needs are addressed by the U.S. Department of Education, but for this to occur, the nominee for secretary of education must be committed to upholding civil rights. However, during her hearing, DeVos was only asked one question about civil rights, related to the Individuals with Disabilities Education Act, and expressed unfamiliarity with the law. Due to the limited questioning, it is uncertain that she would protect the civil rights of minority children.

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