President Trump with Secretary of Education Betsy DeVos and Secretary of Agriculture Sonny Perdue on March 2. Photo: Drew Angerer/Getty Images

President Trump moved to protect regulations issued by Education Secretary Betsy DeVos that restrict federal student loan forgiveness in a veto issued Friday night.

The big picture: Several veterans' groups have argued that the rules, which make it more difficult for student borrowers to prove that a college defrauded them, will harm former service members cheated by for-profit colleges, the New York Times reports.

What they're saying: Trump said the vetoed legislation "sought to reimpose an Obama-era regulation that defined educational fraud so broadly that it threatened to paralyze the Nation’s system of higher education."

  • "@realDonaldTrump's decision today to veto the #bipartisan resolution, against the request of 3 dozen veterans organizations, is a blow to #veterans, #servicemembers & their families," the advocacy organization Veterans Education Success tweeted Friday.

What's next: The new rules are expected to go into effect on July 1, per the Times.

Go deeper: DeVos urged by 51 AGs to cancel disabled veterans' student debts

Go deeper

Jun 24, 2020 - Health

The pandemic's lost years

Illustration: Sarah Grillo/Axios

Even while still living in the midst of the coronavirus pandemic, we're starting to see the long-term effects of lost schooling, curtailed travel and shuttered businesses.

Why it matters: The U.S. will see some $7.9 trillion in lost economic growth through this decade, according to the Congressional Budget Office. The World Bank, meanwhile, predicts global gross domestic product will shrink by 5.2% in 2020 alone — nearly three times as much as the 2009 recession.

Coronavirus cramps the college experience

Illustration: Aïda Amer/Axios

Today's college students won't have a normal college experience — one with classes, graduations, internships and campus love.

Where it stands: Colleges' decisions about openings and closing are just as inconsistent as school districts', but with different stakes and a lot more money on the line.

End of broadband pledge could cut lifelines for families

Illustration: Annelise Capossela/Axios

Internet service providers' pledges to waive fees and forgive missed payments end on June 30, likely cutting off service for some families who can't pay their bills due to the economic impact of the pandemic.

Why it matters: Cutting off internet service for families and students will worsen the loss of knowledge and academic skills that students face over the summer, as well as sever lifelines for those who need broadband connections for work, summer school, searching for jobs and getting news.