It could soon become a lot harder for people who say they've been defrauded by their schools to have their student loans cancelled.
A new proposal released by the Trump administration on Wednesday re-writes an Obama-era regulation from 2016, known as "borrower defense," which aimed to establish a way for students to have their federal student loans forgiven if their school misled them or engaged in other misconduct.
More than 160,000 people have made this claim against their school to the Education Department, and new applications continue to pour in. Almost all of these complaints come out of for-profit schools, of which there are some 7,000 around the country, that take in around 15 percent of the government's financial aid.
The Trump administration's new proposal was met with harsh criticism from consumer advocates.