Students Ripped Off By Schools To Have Loans Erased

The Associated Press reports:

Thousands of students defrauded by for-profit schools will have their federal loans fully erased, the Biden administration announced Thursday, reversing a Trump administration policy that had given them only partial relief. The change could lead to $1 billion in loans being canceled for 72,000 borrowers, all of whom attended for-profit schools, the Education Department said. “Borrowers deserve a simplified and fair path to relief when they have been harmed by their institution’s misconduct,” said Secretary of Education Miguel Cardona.

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The change could lead to $1 billion in loans being canceled for 72,000 borrowers, all of whom attended for-profit schools, the Education Department said. https://t.co/Gf8ZsDxGWU

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