washington u.s. congress could soon january start dismantle president barack obama transformation student loan rule block freshly mint regulations design help students say defraud for-profit colleges new measure lay loan relief procedures students issue department education days election recent enough allow new republican-led congress disapprove 1996 law call congressional review act give congress 60 legislative days reverse regulations simple vote republicans oppose rule propose lamar alexander chair senate committee education consider introduce resolution would overturn so-called borrower defense rule accord spokeswoman even without legislative reversal president-elect donald trump run anti-regulation platform start for-profit school could instruct agencies restrictive interpret rule others aim ease student loan burden students attend now-defunct trump university qualify federal loan eligible loan relief trump face civil lawsuits allege fraud relate school elect president stock for-profit education company rise borrower defense rule inspire meltdown corinthian colleges inc. 2015 accord rohit chopra work corinthian case consumer financial protection bureau late move department education special adviser recent months itt tech inc. also fold leave students adrift law students struggle technical professional colleges already allow relief federal loan new rule create path get relief students make fraud claim education department apply refund federal money borrow pay school payment fraud complaint sometimes make absence actual conviction rankle republicans also dislike rule leave students free file class action suit school instead arbitrate dispute say neal mccluskey follow high education cato institute libertarian think tank clear many students much loan would affect new rule education department say already approve 250 million relief 15,000 applications students borrow attend corinthian project 10-year federal government expense associate rule total 16 billion congressional disapproval resolutions fail past obama veto 2017 anti-regulation republicans control house senate white house take simple majority chamber reverse rule education secretary john king defend rule say department go thorough rule-making process address thousands comment final version regulations fact remain students need sort process student loan discharge case school closure fraud say justin draeger president national association student financial aid administrators sure easy simply void entire regulation high education reform trump administration might undo say elizabeth baylor director post-secondary education left-leaning center american progress many borrower program institute obama education secretary discretion trump could appoint someone strict grant relief new secretary could also simply discontinue program say vein steve gunderson president career education colleges universities say congress could block new rule without resolution either upcoming budget bill education legislation congress could undo obama-era student loan relief