The veto will allow stringent rules for students seeking loan forgiveness to take effect on July 1. The rules toughen standards established under the Obama administration for student borrowers seeking to prove their colleges defrauded them and to have their federal loans erased. Even if some borrowers can show they were victims of unscrupulous universities, they could be denied relief unless they can prove their earnings have been adversely affected.

Source: New York Times May 29, 2020 22:57 UTC