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NACAC Expresses Disappointment Over Presidential Veto of Borrower Defense Resolution

Contact:
Michael Rose
703-299-6817

Arlington, VA (June 2, 2020) – The National Association for College Admission Counseling (NACAC) expressed its disappointment today with President Trump’s recent decision to veto a bipartisan resolution of disapproval of the "Borrower Defense Institutional Accountability" rule issued in September 2019 by US Secretary of Education Betsy DeVos.

The rule makes it difficult for students who were defrauded by certain colleges or universities to have their federal student loans forgiven, leaving them with significant debts and little to no means to repay them. By vetoing the congressional resolution of disapproval, Trump allowed the rule to stand.

Certain for-profit colleges have enrolled students using misleading, high-pressure sales tactics for years. Prior borrower defense regulations offered recourse to students defrauded in this manner. In light of the recent veto, NACAC urges Congress to pass legislation that would once again protect students and taxpayers from unscrupulous colleges. 

    

About NACAC
The National Association for College Admission Counseling (NACAC), founded in 1937, is an organization of more than 15,000 professionals from around the world dedicated to serving students as they make choices about pursuing postsecondary education. NACAC is committed to maintaining high standards that foster ethical and social responsibility among those involved in the transition process, as outlined in the association's Code of Ethics and Professional Practices.

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