Biden administration cancels additional $55.6 million in student debt
The Department of Education canceled an additional $55.6 million in student loan debt for 1,800 students who were victims of a for-profit college fraud, bringing the total amount of canceled student loan debt by the Biden administration to $1.5 billion.
"Today’s announcement continues the U.S. Department of Education’s commitment to standing up for students whose colleges took advantage of them,” Miguel Cardona, the secretary of education, said in the department’s statement released Friday.
The latest loan cancellation is for students who attended Westwood College, Marinello Schools of Beauty and the Court Reporting Institute. This is the first time the department approved loan forgiveness to students who attended schools other than Corinthian Colleges, ITT Technical Institute and American Career Institute since 2017.
“Today’s action continues efforts by the Biden Administration to ensure borrower defense and other targeted loan cancellation, forgiveness, and discharge programs deliver relief to students and borrowers,” the department’s statement said.
https://www.yahoo.com/news/biden-administration-cancels-additional-55-174018911.html
= new reply since forum marked as read
