Trump Admin Halts Obama Student Loan Bailout!
Phil Kerpen |
This is a HUGE victory that many of you played a big part in – thank you!
Obama’s student loan bailout would have cost taxpayers up to $42 billion by allowing students who felt “misled” by a college to have their loans discharged onto taxpayers – many of whom never had an opportunity to even go to college. This regulation would have forced people who never had an opportunity to go to college to bail out deadbeats who did.
Last year, American Commitment members like you led the fight to stop this rule from being implemented.
We sent tens of thousands of letters to Congress and to the Department of Education, and when I met with Obama’s Office of Information and Regulatory Affairs, I read them specific comments you sent to me opposing this taxpayer bailout of student loans.
We built a broad coalition of conservative groups, and built an extensive record that was in place when the new Trump team took over – and they used that record to do the right thing and delay the rule and rework it to protect taxpayers.
This is another great policy victory for the Trump administration that happened quietly and with little media fanfare.
Thank you again for helping make it happen.
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Phil Kerpen is president of American Commitment. Follow him at (@kerpen) and on Facebook. He is a contributing author at the ARRA News Service.
Tags: Trump Admin, Halts, Obama, Student Loan Bailout To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service and "Like" Facebook Page - Thanks!
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