The Education Department announced this week it would fully forgive the federal loans of borrowers who enrolled in schools that "engaged in certain misconduct."
"Borrowers deserve a simplified and fair path to relief when they have been harmed by their institution’s misconduct," said the new Secretary of Education, Miguel Cardona, in a statement. "A close review of these claims and the associated evidence showed these borrowers have been harmed and we will grant them a fresh start from their debt."
In 2019, then-Education Secretary Betsy DeVos faced intense scrutiny over her handling of the issue when she appeared before the House Education and Labor committee. The Education Department says it will now ensure borrowers with approved claims "have a streamlined path to receiving full loan discharges," including individuals who previously received "less than a full loan discharge.
"For more than four years, defrauded borrowers and their families have lived under a cloud of education debt that they should not have to repay," he said in a statement. "I applaud the Biden Administration for doing the right thing by making these borrowers whole, and I can only imagine the mixture of joy and relief they are feeling today. This announcement is lifechanging for tens of thousands of people across the country.
LETS FACE IT,OUR ED SYSTEM AS A WHOLE NEEDS DRASTIC HELP....AS FAR AS UNIV..GOES...STUDENTS WHICH ARE KIDS...HAVE FALSE IDEAS OF WHAT COLLEGE LIFE AND MAJORS ARE ACTUALLY ALL ABOUT...THUS IT TAKES 5 YRS TO GRAD.
Devos was too busy looting the treasury to be concerned about the students she was suppose to help.
bring back the comments section in your articles. We'll play nice.
This is a stupid idea. Adds to the trillions of dollars of debt we already have