student loan rates went up today,by double

[InRareForm]

http://m.motherjones.com/politics/2013/06/student-loan-debt-charts

[boutons_deux]

US clears $50B+ off student loans.

It's all about (the Repugs helping the 1%) fucking the 99%. Instead of students being an investment, they are just another source of wealth to be extracted.

[boobie4three]

CBO: Feds siphoning billions from student loan program to fund 0bamacare

http://www.campusreform.org/blog/?ID=4817

The Affordable Care Act is set to cost students enrolled in the government’s loan program $8.7 billion in extra interest over the next decade, according to a report published by the non-partisan Congressional Budget Office (CBO).


According to a report from the CBO, Obamacare is costing students enrolled in the government's loan program an extra $8.7 billion in interest.
If savings were kept inside the loan program, instead of transferred to Obamacare, as some Republican senators are suggesting, they could allow the Department of Education to lower student interest rates to 5.3 percent from 6.3 percent, according to the CBO.

The nearly $9 billion being used to fund Obamacare is derived from $61 billion the government says it will save by administering student loans in-house.

[Rogue]

it's never a good idea to borrow $ from the loan sharks that most banks are, whatever the purpose.

[boutons_deux]

:lol
Republican Obstructionism Leads to Doubling Student Loan Rates


Instead of working with Democrats on a responsible plan that would help students and block the doubling of the interest rates, both House and Senate Republicans have insisted on legislation that would increase student loan debt, reducing the deficit on the backs of college students.

As recently as Wednesday, 228 House Republicans voted once again to block bringing up Democrats' H.R.1595, Student Loan Relief Act of 2013, which would have prevented the rates from doubling on July 1 by freezing the rate at 3.4 percent for two years.

http://www.huffingtonpost.com/rep-hank-johnson/republican-obstructionism_b_3518978.html

Obamacare simply isn't in the picture versus student loan interest rates. campusreform/leadershipinstitute are nothing but VRWC stink tanks, propaganda spewers.

[boobie4three]

:lol
Republican Obstructionism Leads to Doubling Student Loan Rates


Instead of working with Democrats on a responsible plan that would help students and block the doubling of the interest rates, both House and Senate Republicans have insisted on legislation that would increase student loan debt, reducing the deficit on the backs of college students.

As recently as Wednesday, 228 House Republicans voted once again to block bringing up Democrats' H.R.1595, Student Loan Relief Act of 2013, which would have prevented the rates from doubling on July 1 by freezing the rate at 3.4 percent for two years.

http://www.huffingtonpost.com/rep-hank-johnson/republican-obstructionism_b_3518978.html

Obamacare simply isn't in the picture versus student loan interest rates. campusreform/leadershipinstitute are nothing but VRWC stink tanks, propaganda spewers.




You're the biggest propaganda spewer on this board.....BAR NONE!

[boutons_deux]

Growing Student Loan Debt of Approximately $1.1 Trillion Is Hampering America's Future

America's college graduates, long a key to the US's economic innovation and strength, are saddled with an approximate $1.1 trillion debt.

This gargantuan financial liability, which according to a timely USA Today article, (http://www.usatoday.com/story/money/personalfinance/2013/06/30/student-loan-debt-economic-effects/2388189/) means an average balance for graduate debt of $27,547. This does not include the interest rate amount (which could possibly double for federal loans if congress doesn't act soon), which balloons to a much higher actual financial payout over years.

an astounding 65% of college and university students graduate with debt, up from 46% in 1993.

The net result: America's economy potentially is weakened even further by graduates who can't afford to buy housing, start families, and invest in small businesses, for example. As Hadley Malcolm of USA today reports:

A report out last month from the Consumer Financial Protection Bureau suggests myriad ways in which student loan debt may be having a ripple effect on the economy. Based on more than 28,000 comments submitted by consumers and industry leaders, the report found that debt held by millions of Millennials may be forcing this generation to:

•Put off home ownership
•Divert money from retirement accounts
•Impede the ability to take small-business loans
•Forgo securing car loans

Though hard data linking student loan debt to a delay in these financial commitments are elusive, personal finance experts say that when one is saddled with any kind of debt, economic lives can grind to a halt. The consequences of massive student loan debt — a trillion dollars and counting — could threaten the standard of living for this generation and harm the country's economic competitiveness.

But the worst of the legacy of the Koch brothers, Pete Petersen, and ALEC may be yet to come, as noted in the USA Today article:

As loans become the go-to way to finance education in the USA, experts say, this generation could be the canary in the coal mine for what the nation might see going forward. Today, Millennials are paying the price, but the loan crisis, they say, has a much longer tail.

"If student debt is a roadblock to economic opportunity, that really undermines a philosophy of how America has moved forward and prospered," [Rohit] Chopra [student loan ombudsman for the Consumer Finance Protection Bureau] says. "So many Americans have taken risks to start small businesses, to buy a home, and that has been a traditional way in which our economy has moved forward and people have achieved economic milestones."

There's also the potential for a cascading effect for those who have so much debt that they're on 20-year repayment plans, rather than standard 10-year plans, Kantrowitz says.

"That means they will still be paying back their own student loans when their children enroll in college," he says, noting that the cycle will probably then repeat: They will be unable to save for their children's education, so those kids will be forced to take loans and graduate with even more debt.

http://www.truth-out.org/buzzflash/commentary/item/18061-growing-student-loan-debt-of-approximately-1-1-trillion-is-hampering-america-s-future

[boutons_deux]

Why Republicans Want to Tax Students and Not Polluters


http://readersupportednews.org/images/stories/alphabet/rsn-A.jpg basic economic principle is government ought to tax what we want to discourage, and not tax what we want to encourage.

For example, if we want less carbon dioxide in the atmosphere, we should tax carbon polluters. On the other hand, if we want more students from lower-income families to be able to afford college, we shouldn't put a tax on student loans.

Sounds pretty simple, doesn't it? Unfortunately, congressional Republicans are intent on doing exactly the opposite.

Earlier this year the Republican-led House passed a bill pegging student-loan interest rates to the yield on the 10-year Treasury note, plus 2.5 percentage points. "I have very little tolerance for people who tell me that they graduate with $200,000 of debt or even $80,000 of debt because there's no reason for that," Rep. Virginia Foxx (R-NC), the co-sponsor of the GOP bill, said (http://www.thefiscaltimes.com/Articles/2013/05/30/Your-Guide-to-the-Looming-Battle-over-Student-Loans.aspx#page1#ixzz2YHoODl2E%20).

Republicans estimate this will bring in around $3.7 billion (http://www.businessinsider.com/guide-to-the-student-loans-battle-2013-6) of extra revenue, which will help pay down the federal debt.

In other words, it's a tax - and one that hits lower-income students and their families. Which is why several leading Democrats, including Senate Majority Whip Dick Durbin, oppose it. "Let's make sure we don't charge so much in interest that the students are actually paying a tax to reduce the deficit," heargues.

(Republicans claim the President's plan is almost the same as their own. L I E !

Not true. Obama's plan would lead to lower rates, limit repayments to 10 percent of a borrower's discretionary income, and fix the rate for the life of the loan.)

Meanwhile, a growing number of Republicans have signed a pledge - sponsored by the multi-billionaire Koch brothers - to oppose any climate-change legislation that might raise government revenues by taxing polluters.

Officially known as the "No Climate Tax Pledge (http://investigativereportingworkshop.org/investigations/the_koch_club/story/Koch_millions_spread_influence_through_nonprofits) ," its signers promise to "oppose any legislation relating to climate change that includes a net increase in government revenue."

By now 411 current office holders nationwide have signed on, including the entire GOP House leadership, a third of the members of the House as a whole, and a quarter of U.S. senators.

The New Yorker's Jane Mayer reports (http://www.newyorker.com/online/blogs/newsdesk/2013/07/the-kochs-and-the-action-on-global-warming.html) that two successive efforts to control greenhouse-gas emissions by implementing cap-and-trade energy bills have died in the Senate, the latter specifically targeted by A.F.P.'s pledge

Why are Republicans willing to impose a tax on students and not on polluters? Don't look for high principle.

Big private banks stand to make a bundle on student loans if rates on government loans are raised. They have thrown their money at both parties but been particularly generous to the GOP.

A 2012 report by the nonpartisan Public Campaign shows that since 2000, the student loan industry has spent more than $50 million (http://sundial.csun.edu/2013/college-students-are-losers-in-the-game-of-student-loan-debt/) on lobbying.

Meanwhile, the Koch brothers - whose companies are among America's 20 worst air-polluters (http://www.forbes.com/sites/christopherhelman/2013/06/10/americas-20-worst-corporate-air-polluters/) - have long been intent on blocking a carbon tax or a cap-and-trade system. And they, too, have been donating generously to Republicans to do their bidding.

We should be taxing polluters and not taxing students. The GOP has it backwards because its patrons want it that way.

http://readersupportednews.org/opinion2/277-75/18291-why-republicans-want-to-tax-students-and-not-polluters


yet again I ask, anybody have ANYTHNG that the Repugs have done for the 99% in the last 10 years?

[boutons_deux]

Move Over Peter Thiel, Oregon Proposes Investment Model For Student Loans
As college debt skyrockets (http://money.cnn.com/2013/05/17/pf/college/student-debt/index.html) to over $35,000 per student, the state of Oregon has proposed a novel investment-approach (http://www.nytimes.com/2013/07/04/education/in-oregon-a-plan-to-eliminate-tuition-and-loans-at-state-colleges.html?_r=0) to loans: free tuition at public universities in exchange for 3% of earnings for the first 25 years after graduation. Just like an venture capital portfolio that earns its profit from a few star investments, many students would end up underpaying the cost of their college, subsidized by the school’s star businessmen.


For example, students who earned a meager $600,000 over a quarter-century would pay just $18,000 for their degree, while a multi-millionaire would theoretically pay enough to subsidize all the artists, public servants, and most of the humanities (http://www.fastcompany.com/1755375/what-college-degrees-are-really-worth). Assuming the Higher Education Coordinating Commission’s pilot goes according to plan, Oregon will roll out a polished version of the so-called “Pay It Forward” student loan program statewide.

Critics of higher education, especially venture capitalist, Peter Thiel, have long argued that college simply isn’t worth the price tag.


“Probably the only candidate left for a bubble — at least in the developed world (maybe emerging markets are a bubble) — is education. It’s basically extremely overpriced. People are not getting their money’s worth, objectively, when you do the math.”

To prove his point, he opened the deliciously controversial Thiel Fellowship, which pays a cohort of 20 entrepreneurial youngins (http://techcrunch.com/2011/05/25/young-entrepreneurs-rule-meet-peter-thiels-first-20-under-20-thiel-fellows/) $100,000 to opt-out of college and invest the money. The implication is that students are better off investing their time and money directly into the market, rather than delaying it for a double major in Beer Pong and 18th-century literature.

But, as Stanford’s Dean of Engineering, Jim Plummer, argues (http://techcrunch.com/2011/04/12/friends-don%E2%80%99t-let-friends-take-education-advice-from-peter-thiel/), the problem with Thiel’s market-only approach is that most investments will fail, leaving students without marketable skills or a network of support. Perhaps more importantly, the general education requirements of college give students an important humanities background, necessary to be a well-rounded citizen. In other words, Thiel’s model doesn’t scale for a democracy.

Oregon’s approach is a happy hybrid between the old college loan model and Thiel’s investment approach. The state bets that it’s investment in public universities will yield enough brilliant minds to justify the cost of universal higher-education.
It should be noted that Oregon’s proposal isn’t entirely novel. According to the New York Times (http://opinionator.blogs.nytimes.com/2011/06/02/a-way-to-pay-for-college-with-dividends/), libertarian icon and nobel prize winning economist, Milton Friedman, proposed it back in 1955. Yale university piloted it for their own students before the introduction of federal loans.

Starting in 2012, President Obama established a Income-Based Repayment (IBR) system for student loans, based on one that the UK and Australia have done for years. But, according to the Chronicle of Higher Education [PDF (http://www.uwosh.edu/gradstudies/news/Income-Based%20Repayment%20of%20Student%20Loans_%20If%20O nly%20Borrowers%20Knew%20-%20Students%20.pdf)], mass-confusion over student loans has yielded a disappointing adoption rate. Oregon’s may succeed because it is state-wide and done in conjunction with universities.

With any luck, it will also incentivize colleges to invest in curriculum that teaches real-world skills. If the entire college system was tied to financial success, administrators would have to start thinking long-term. Given that many of the most successful businessmen of our time, including Bill Gates and Mark Zuckerberg, are college dropouts, educators are going to have to do a much better job appealing to their new economic lifelines.

http://techcrunch.com/2013/07/07/move-over-peter-thiel-oregon-proposes-investment-model-for-student-loans/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29

[Jacob1983]

Obama and Bush should have to pay for my college loans. Fuck, every politician should have a portion of their salaries taken out to pay off this shit since they are the ones that fucked up this shit in the first place.

[Rogue]

Just attend a school in your home state so you'll save 2/3 of the tuition that you would otherwise have to pay for a school outside of your state, preferably a school that's close to your home so you can drive from home to school everyday rather than rent an apartment near the school. Living with your parents should always be the easiest way to a frugal life imho.

It's never a wise decision to take a loan from the bank for whatever purpose. If you already owe the bank a considerable amount of money but have unfortunately not found a desirable job that enables you to pay off the damn debt on schedule, you may as well try to borrow some more $ from another bank before your credit score gets totally fucked up. Use the money to go back to school and live a frugal life for another 2-3 years, so when you graduate you will have a chance to find a badass job that will help you pay off all debts in months rather than years. People with higher degrees get paid accordingly imho.

[spursncowboys]

Just attend a school in your home state so you'll save 2/3 of the tuition that you would otherwise have to pay for a school outside of your state, preferably a school that's close to your home so you can drive from home to school everyday rather than rent an apartment near the school. Living with your parents should always be the easiest way to a frugal life imho.

It's never a wise decision to take a loan from the bank for whatever purpose. If you already owe the bank a considerable amount of money but have unfortunately not found a desirable job that enables you to pay off the damn debt on schedule, you may as well try to borrow some more $ from another bank before your credit score gets totally fucked up. Use the money to go back to school and live a frugal life for another 2-3 years, so when you graduate you will have a chance to find a badass job that will help you pay off all debts in months rather than years. People with higher degrees get paid accordingly imho.

Too...much...common...sense...can't take it!

[Jacob1983]

Amusing but I doubt the soul collectors would let me borrow any more money for additional college.

[Rogue]

But a rich white dude's parents surely have the money to bail out their child imho. It doesn't make no sense to waste your talent and time at the lowest/shittiest end of the foodchain in a "big" company, when you only get paid what? barely over 1000 a month, which's derisory tbh. I worked in a "big" company for almost a year but I knew that was a dead-end job and I was sure as hell that I would NEVER get a chance of promotion there, NEVER, so I decided to quit that shit and I did quit it about the same time last year which I believe has to be the best decision I've ever made in the past 25yrs of my life.

I'm still oblivious about my future though, I'm not sure if school is what I really want or if a higher degree will truly help me find a badass job a few years from now, but I know what I don't want. I'm pretty similar to Cristina (my goddess's character in Vicky Cristina Barcelona, see my signature) imho, in terms of both how we think and how we look.

Relying on your parents ain't no shame I mean, at least you ain't asking for 200 thousand bucks from your parents to buy a new house for you and your bitch to live in. Even Obama allows parents' healthcare to cover their kids until the age of 26, age 26 my freakin' ass!!! We (guys) are all 10yrs younger than our age in the 21st century, while bitches are 10yrs older. Bitches start to have sex nowadays before age 15 when their moms generation didn't do so until their 20s. age 30 today is actually age 20 of the 20th century for a guy, while it's like age 40 for a bitch (like my goddess who hasn't yet reached 30 but already looks as old as a 40-yr-old Halle :cry)

[Jacob1983]

Rich parents? I have rich parents? Wow, this is news to me. In the 30 years that I have been alive, my parents have either been in the lower part of the middle class or the upper part of the lower class. I'd just like to get some type of unique job and work in Australia or New Zealand or France for a year or two. It would be nice to get together with an Australian woman or New Zealander woman or a French woman.

[CosmicCowboy]

Hey Boo...the bill died in the senate because Reid wouldn't put it to a vote.

[boutons_deux]

Hey Boo...the bill died in the senate because Reid wouldn't put it to a vote.

why?

Harry Reid blasts student loan rate plans

Senate Democratic leadership is showing no sign of letting up on its pursuit of a one-year extension of subsidized student loan rates of 3.4 percent.

House Speaker John Boehner has begun rallying his troops in support of the House-passed student loan bill, arguing the ball is in the Senate’s court.

“What is he talking about?” Reid said of the House bill that has drawn a presidential veto threat. “They’ve acted and now we should act? “I guess we could talk about what he didn’t do last year on the farm bill. I guess we could talk about what they didn’t do last year on the post office. I guess we could talk about what they haven’t done this year on the farm bill.”

Sens. Joe Manchin (D-W.Va.) and Angus King (I-Maine) will pitch their bipartisan plan to Senate Democrats at Tuesday’s caucus lunches in an effort to come to agreement on a permanent loan fix rather than a stopgap. But Reid appeared to throw cold water on that proposal, also supported by Sens. Tom Carper (D-Del.), Richard Burr (R-N.C.), Tom Coburn (R-Okla.) and Lamar Alexander (R-Tenn.), because it doesn’t include a cap on student loan rates.

“If the legislation passed by House Republicans or the plan by Senate Republicans becomes law, student loan rates would more than double over the next few years as interest rates increased,” Reid said. “We should support a plan that would be better for students, not worse for students.”


http://www.politico.com/story/2013/07/student-loan-rate-increase-harry-reid-93884.html#ixzz2YZkg42Ug

[Rogue]

Rich parents? I have rich parents? Wow, this is news to me. In the 30 years that I have been alive, my parents have either been in the lower part of the middle class or the upper part of the lower class. I'd just like to get some type of unique job and work in Australia or New Zealand or France for a year or two. It would be nice to get together with an Australian woman or New Zealander woman or a French woman.
But you dad or mom definitely makes more $ than you do. My parents ain't rich either but my dad without a college degree makes more than twice the money I earned from that treadmill job, so I felt that I could make better use of my talent and I quit that shit briskly. Will further schooling bring me to the promised land eventually? I'm not sure but I'm content with my frugal life. I'm still kind of wasting my time now, I spend considerable time playing video games but I'm not doing anything I hate at the very least.

It's no shame to count on your parents during hard economic time regardless of your age, and you don't need to be too shy to ask for help, no matter from your parents, your friends or your cousins. A friend of mine who's a manager of human resources once told me that life is just like a film, you're the directer/writer and people in our life are all the characters in your film. You can't select roles but you can design the plot based on the characters you have, and make them work in your favor.

[boutons_deux]

Democrat on Democrat: Warren spars with Manchin on student loan proposal

Liberal firebrand Sen. Elizabeth Warren (Mass.) blasted a fellow Democratic senator Tuesday as a dispute over student loan rates escalated divisions within the party.

The clash, which is highly unusual among party colleagues in the upper chamber, came at a private caucus meeting about a subject that is helping Republicans land blows against their Democratic opponents.

“Elizabeth came out very strong against Manchin,” said a Democratic senator who requested anonymity to discuss the exchange. “She said, ‘They’re already making money off the backs of students, and this adds another $1 billion.’”

Harkin also hit Manchin for claiming the bipartisan plan places a cap on interest rates.

The bipartisan proposal in the Senate would cap student loan rates at 8.25 percent, but only for consolidated loans, not individual ones.

Manchin and his allies, Carper and King, pushed back against the pressure. They took the rare step of holding a competing press conference with reporters in the Ohio Clock corridor while Senate Majority Leader Harry Reid (D-Nev.) touted a separate Democratic proposal to reporters. That plan, sponsored by Sen. Jack Reed (D-R.I.), would freeze the rate for subsidized Stafford loans at 3.4 percent for another year.

The bipartisan plan endorsed by Manchin and the others would set interest rates for undergraduate Stafford loans at the 10-year Treasury rate plus 1.85 percent. It would set the rates for unsubsidized graduate Stafford loans at the 10-year Treasury rate plus 3.4 percent.

It would reduce the deficit by $1 billion over 10 years, which Warren and other liberals have characterized as balancing the budget on the backs of students.

http://thehill.com/homenews/senate/309953-warren-rips-manchin-on-student-loan-proposal

[boutons_deux]

Fox's Stuart Varney Misleadingly Claims Subsidizing Student Loans Costs Taxpayers (http://mediamatters.org/blog/2013/07/18/foxs-stuart-varney-misleadingly-claims-subsidiz/194953)Fox Business host Stuart Varney misleadingly claimed federal student loans are subsidized "at great cost to taxpayers," ignoring the fact that the Congressional Budget Office (CBO) projects that the federal student loan program will contribute more than $50 billion in revenue to the Treasury in 2013 alone.

http://mediamatters.org/blog/2013/07/18/foxs-stuart-varney-misleadingly-claims-subsidiz/194953

MediaMatters simply will not relent from BITCH SLAPPING Fox Repug Propaganda network

[boutons_deux]

http://img191.imageshack.us/img191/8858/slihouettemanwonderswtf.jpg

[boutons_deux]

The Great Cost Shift Continues: State Higher Education Funding After the Recession

As student debt continues to climb, it’s important to understand how our once debt-free system of public universities and colleges has been transformed into a system in which most students borrow, and at increasingly higher amounts. In less than a generation, our nation’s higher education system has become a debt-for-diploma system—more than seven out of 10 college seniors now borrow to pay for college and graduate with an average debt of $29,400.1 (http://www.demos.org/publication/great-cost-shift-continues-state-higher-education-funding-after-recession#fn1) Up until about two decades ago, state funding ensured college tuition remained within reach for most middle-class families, and financial aid provided extra support to ensure lower-income students could afford the costs of college.

As Demos chronicled in its first report in the The Great Cost Shift series, this compact began to unravel as states disinvested in higher education during economic downturns but were unable, or unwilling, to restore funding levels during times of economic expansion. Today, as a result, public colleges and universities rely on tuition to fund an ever-increasing share of their operating expenses. And students and their families rely more and more on debt to meet those rising tuition costs. Nationally, revenue from tuition paid for 44 percent of all operating expenses of public colleges and universities in 2012, the highest share ever. A quarter century ago, the share was just 20 percent.2 (http://www.demos.org/publication/great-cost-shift-continues-state-higher-education-funding-after-recession#fn2) This shift—from a collective funding of higher education to one borne increasingly by individuals—has come at the very same time that low- and middle-income households experienced stagnant or declining household income.

The Great Recession intensified these trends, leading to unprecedented declines in state funding for higher education and steep tuition increases:

NATIONWIDE CUTS: 49 states (all but North Dakota) are spending less per student on higher education than they did before the Great Recession.3 (http://www.demos.org/publication/great-cost-shift-continues-state-higher-education-funding-after-recession#fn3) In contrast, only 33 states cut per-student spending between 2001 and 2008,4 (http://www.demos.org/publication/great-cost-shift-continues-state-higher-education-funding-after-recession#fn4) the period since the last recession.

MANY DEEP CUTS: In many states, the cuts have been especially deep. Since the recession, 28 states have cut per-student funding by more than 25 percent, compared to just one state—Michigan—that did so between 2001 and 2008.

ESCALATING TUITION: Funding cuts have led to large tuition increases. Nationally, average tuition at 4-year public universities increased by 20 percent in the four years since 2008 after rising 14 percent in the four years prior. In seven states, average tuition increased by more than a third, and two states—Arizona and California—have raised it by more than two-thirds, or 66 percent. At public 2-year colleges, average tuition has risen by more than a third in six states.

FAMILIES PRICED OUT: Average tuition at 4-year public schools now consumes more than 15 percent of the median household income in 26 states. Average total cost—including room and board—consumes more than one third of the median household income in 22 states.

http://www.demos.org/publication/great-cost-shift-continues-state-higher-education-funding-after-recession

[boutons_deux]

Betsy DeVos Just Made It Harder for Defrauded Students to Get Their Debt Canceled

Democratic presidential candidates are pissed.

DeVos on Friday!! :lol before Labor Day weekend. :lol

finalized a new suite of changes to an Obama-era policy :lol that targeted fraud at for-profit colleges.

more than 127,000 debt relief claims were filed (https://tcf.org/content/commentary/college-fraud-claims-29-percent-since-august-2017/) to the Education Department by March 2018,

up 29 percent from August 2017….

More than 98 percent of those claims came (https://tcf.org/content/commentary/college-fraud-claims-29-percent-since-august-2017/) from students who attended for-profit colleges.
The new DeVos rule

significantly raises the bar students have to clear in order

to qualify for debt forgiveness when their schools close while they’re enrolled.

as a result of the new DeVos rule, after July 2020,

students filing for debt relief will have

to prove their colleges intentionally deceived them,

that it influenced their decision to enroll, and

that it made them financially suffer.

The change also sets a three-year deadline for filing a claim;

the Obama rule had no deadline and automatically relieved their debts if they didn’t enroll elsewhere within three years.

https://www.motherjones.com/politics/2019/08/betsy-devos-just-made-it-harder-for-defrauded-students-to-get-their-debt-canceled/

What "proofs" are acceptable?