The Biden administration on Wednesday announced it will cancel more than $70 million in student debt for borrowers who say they were defrauded by the for-profit DeVry University — the first time the E
The Biden administration says it will cancel more than $70 million in student debt for borrowers who say they were defrauded by the for-profit DeVry University.
“Students count on their colleges to be truthful. Unfortunately, today’s findings show too many instances in which students were misled into loans at institutions or programs that could not deliver what they’d promised,” said Miguel Cardona, U.S. Secretary of Education.
By Katie Lobosco, CNN The Education Department announced Wednesday that it has canceled another $415 million in federal student loan debt owed by nearly 16,000 borrowers who were misled by for-profit colleges.
The Biden administration announced Wednesday it will cancel $415 million in student debt for nearly 16,000 borrowers who claim they were misled by for-profit colleges.
The Education Department is canceling an additional $415 million in federal student loan debt for 16,000 borrowers who attended for-profit colleges and say they were defrauded by the institutions.
The DOE has approved $415 million in borrower defense claims for 16,000 former students after new evidence shows their schools misled them in getting loans
The Biden administration has now approved at least $16 billion in student loan forgiveness, following the last week’s announcement of newly approved eligible borrowers. Advocates say it's not enough.
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Education Department erases $415M in student loan debt for 16,000 borrowers | Since Then
