The centerpiece of the student debt-relief plan that President Biden announced last month is his decision to cancel up to $20,000 per borrower in federal loans. But the more far-reaching […]
For-Profit Schools
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Back to news homeGovernment to Cancel $6 Billion in Student Loans for Defrauded Borrowers
Around 200,000 former students who attended schools that they said defrauded them will have $6 billion in federal loans canceled under a sweeping settlement announced on Wednesday, the latest move […]
Corinthian Colleges Student Loans Will Be Forgiven, Education Dept. Says
They also uncovered an obscure clause in the law governing the loans: If borrowers were significantly misled by their school, they could ask the government to forgive their loans. Just […]
Navient’s $1.7 Billion Student Loan Settlement Was Too Good to Be True
After years of struggling to make payments that hardly put a dent in the loans she took out to attend a now defunct arts school, Victoria Linssen saw a glimmer […]
$10 Billion in Student Loan Debt Erased Under Biden, but Calls Grow for More
Finally, on Tuesday, an email arrived saying she had receive a 100 percent discharge.“I cried,” said Ms. King, who hopes she can now afford computer classes at her local community […]
$10 Billion in Student Debt Erased Under Biden, but Calls Grow for More
Finally, on Tuesday, an email arrived saying she had receive a 100 percent discharge.“I cried,” said Ms. King, who hopes she can now afford computer classes at her local community […]
Student Loan Forgiveness Program Made Decisions in 12 Minutes, Documents Say
Former Education Secretary Betsy DeVos made no secret of her disdain for a program intended to forgive the federal student loans of borrowers who were ripped off by schools that […]