Released: March 19, 2021

Education Department scraps a Trump-era policy that limited debt relief for defrauded students

Source: Stacy Cowley - New York Times (Paid Registration)

Tens of thousands of borrowers who attended for-profit schools like Corinthian Colleges and ITT Technical Institute that defrauded students will have their student loan debts eliminated after the Education Department rescinded some changes made during the Trump administration that gutted a relief program.

The change will eliminate around $1 billion in student loan debt owed by around 72,000 borrowers, the department said. Most of them attended ITT and Corinthian, institutions that abruptly shut down years ago.

Read Full Article: Education Department scraps a Trump-era policy that limited debt relief for defrauded students