AP sources: DeVos may only partly forgive some student loans
October 29, 2017
WASHINGTON (AP) — The Education Department is considering only partially forgiving federal loans for students defrauded by for-profit colleges, according to department officials, abandoning the Obama administration's policy of erasing that debt.
Under President Barack Obama, tens of thousands of students deceived by now-defunct for-profit schools had over $550 million in such loans canceled.
But President Donald Trump's education secretary, Betsy DeVos, is working on a plan that could grant such students just partial relief, according to department officials. The department may look at th...