Biden administration grants loan relief to former for-profit college students

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Biden administration grants loan relief to former for-profit college students
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The Dept. of Education approved $500M in student debt relief for 18,000 borrowers.

vowed to continue standing up for students who are deceived by their schools.

Borrower defense is among several education programs targeted for an overhaul by the Biden administration as it works to reverse Trump-era policies. Cardona is hosting a series of hearings this month as his agency considers changes to that policy and others. Following the collapse of Corinthian and other beleaguered for-profit colleges, the Obama administration moved to make it easier for students to get loans erased. But the overhaul was reversed by the Trump administration, which later wrote its own rules making it tougher to get relief. In changing the rules, then-Education Secretary Betsy DeVos said it had become too easy to get loans forgiven.

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