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Government to Cancel $6 Billion in Student Loans for Defrauded Borrowers

Summary by Ground News
The Biden administration is canceling $6 billion in federal loans for roughly 200,000 borrowers who claim they were defrauded by their schools. The Education Department said that the former students should receive relief due to "strong indicia regarding substantial misconducted by the listed schools"
Government to Cancel $6 Billion in Student Loans for Defrauded Borrowers
6 days ago·Washington, United States

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Reuters

U.S. to cancel $6 billion in student loans for 200,000 defrauded borrowers

The United States will cancel $6 billion in student loans for 200,000 borrowers who claimed they were defrauded by their colleges, the administration of U.S. President Joe Biden said.

6 days ago·United Kingdom
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USA Today

Biden administration proposes canceling $6B in student debt for 200,000 people in settlement

The Biden administration this week agreed to cancel $6 billion in student loans for people who say they were defrauded by their schools.

6 days ago·United States
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CNN

Biden administration agrees to cancel another $6 billion in student loan debt for defrauded borrowers | CNN Politics

The Biden administration has agreed to cancel an estimated $6 billion in federal student loan debt for about 200,000 borrowers who have claimed they were defrauded by their college. Many have been waiting years for the Department of Education to process their claims under a rule known as borrower defense to repayment.

6 days ago·Atlanta, United States
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CNBC

Education Department agrees to cancel $6 billion in debt for some 200,000 student loan borrowers

The U.S. Department of Education has agreed to cancel the student loans of around 200,000 people who had brought a class action lawsuit.

6 days ago·United States
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New York Times

Government to Cancel $6 Billion in Student Loans for Defrauded Borrowers

Around 200,000 who sought relief after attending schools that the Education Department said showed signs of “substantial misconduct” will have their federal student loans wiped out.

6 days ago·New York, United States
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The Washington Post

Education Dept. to cancel $6 billion in debt for defrauded borrowers

The Education Department will erase about $6 billion of student loan debt in a proposed settlement of a lawsuit from borrowers who said the agency ignored their claims for relief after they were defrauded by their colleges.

6 days ago·Washington, United States
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