Students who got partial loan relief to see full discharge
March 19, 2021
WASHINGTON (AP) — 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. "A close review of these claims and...