The U.S. Department Of Education Approved $415 Million In Student Loan Forgiveness
Thousands of former students have filed fraud cases against universities or colleges, and Now Due to high demands to erase student debt, Many will have the chance to cut their loan debts.
February 18, 2022 at 7:45 pm
Thousands of former students in America have filed fraud cases against universities or colleges. Due to high demands to erase student debt, Many will have the chance to cut their loan debts as the U.S. Department of Education approved $415 million total in borrower defense claims.
On Wednesday, The U.S. Department of Education announced that nearly 16,000 student borrowers would receive $415 million in aid. After finding multiple schools misled eager students, the legal provision ensures loan relief will be provided for defrauded borrowers.
Devry University, Westwood College, ITT Technical Institute (ITT), and Minnesota School of Business and Globe University were some institutions that misrepresented their hiring and job placement rates to students.
BREAKING: President Biden’s Education Department has CANCELED another $415 MILLION in federal student loan debt owed by nearly 16,000 borrowers who were misled by for-profit colleges.
— Jon Cooper (@joncoopertweets) February 17, 2022