DeVos Forced To Cancel $150M In Student Loan Debt

Politico reports:

The Trump administration said Thursday it will cancel thousands of borrowers’ federal student loans, carrying out an Obama-era policy that Education Secretary Betsy DeVos had fought to kill.

The move comes as DeVos is being forced to implement a package of regulations that created more protections for student loan borrowers who were affected by a school closure or defrauded by their college.

A federal judge in September ruled that DeVos’ efforts to stop the 2016 “borrower defense” regulations from taking effect was illegal.