My Weekend at the Falwells' South Beach Flophouse - 2017-08-25
Were Liberty a for-profit school, it would have to note its lousy loan repayment rates on its promotional material, thanks to borrower protections put into place during the Obama administration. It's not unlike a lung cancer warning on cigarette packaging, says Carey: "U.S. Department of Education Warning: A majority of recent student loan borrowers at this school are not paying down their loans."
The rationale was that the requirement would protect students from taking on a lifetime of debt from fraudulent schools. In a March 2016 news release announcing debt relief for students defrauded by 91 campuses of Corinthian College, the Department of Education said it was committed to "aggressive and comprehensive action to address fraudulent, illegal and abusive practices in higher education."
Last January, Falwell told the Chronicle of Higher Education that Trump assigned him to a task force to identify changes that should be made in the Department of Education. Among those items on his list, said Falwell, were "overreaching regulation" and "borrower defense" rules. "I've got notebooks full of issues," Falwell told the Chronicle.