Education Department erases $415M in student loan debt for 16,000 borrowers

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In total, the Biden administration has approved $2 billion in loan forgiveness for students allegedly defrauded by their schools.

The borrowers, who attended DeVry University, ITT Technical Institute, Westwood College and the Minnesota School of Business/Globe University, will receive the relief through a legal provision known as borrower defense, which allows individuals to discharge some or all of their student loan debt if their school misled them or otherwise engaged in other misconduct.

The department found that between 2008 and 2015, DeVry University, a for-profit university headquartered in Illinois, repeatedly misled students by claiming that 90% of its graduates actively seeking employment landed a job in their field of study within six months of graduation. The job placement level was actually closer to 58%, according to the department.

"Students count on their colleges to be truthful," Cardona said. "Unfortunately, today's findings show too many instances in which students were misled into loans at institutions or programs that could not deliver what they'd promised."

 

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Do the responsible students that paid their loans get their money back?

Yeah celebrities kids. I mean killers. Oh jus switches.

Did biden lie to you? and his bidenflation raised prices on everything huh? at least he doesnt mean tweet though. and just wait til he starts WW3 with russia ukraine china taiwan northkorea japan iran palestine isreal armenia turkey. prices will go up even higher..

So people who paid off their loans like they agreed to essentially were suckers?

Will there be any repercussions for these schools?

That’s what’s up

Oh really friends and family! I couldn’t a write off if the government help me read a book for $800 a class without books teaching me how to obtain $250k loan for a $60k annual salary! we are smart!

MillsCollege

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