Education Department cancels $415M in student debt, citing for-profit college fraud

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.

Wednesday’s decision was part of an ongoing effort by President Biden to clear a backlog of claims under a borrower-defense program …

Source: washingtontimes.com

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