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Month: February 2022

Education Department cancels $415 million in student debt for victims of for-profit college fraud

By Katie Lobosco, CNN The Education Department announced Wednesday that it has canceled another $415 million in federal student loan debt owed by nearly 16,000 borrowers who were misled by for-profit colleges. It’s the latest effort by the Biden administration to cancel student loan debt for borrowers who may already be eligible for debt relief

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