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Students defrauded by for-profit colleges to get millions in loan repayments

Nearly 16,000 students will receive millions in loan repayments after four institutions made misleading claims about job placement rates.

Department of educationDistrict of columbiaUnited statesWestwood collegeDevry universityMiguel cardonaJen psakiRichard cordrayWhite houseCorinthian collegesFederal reserveMinnesota school of business globe universityGlobe universityMinnesota school of businessEducation departmentTechnical institute

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

Education Department cancels $415 million in student debt for victims of for-profit college fraud
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United statesNew yorkMiguel cardonaEileen connorElizabeth warrenDonna shaultsBetsy devosKatie loboscoDepartment of educationSenate majority leader chuck schumerSecurity administrationPublic service loan forgivenessWarnermedia companyCorinthian collegesMinnesota school of business globe universityDevry university

Education Department to forgive $415 million in student debt for nearly 16,000 borrowers who were misled by colleges

The latest round of loan forgiveness brings the total amount approved by the department to approximately $2 billion for more than 107,000 borrowers.

United statesNew yorkWestwood collegeMiguel cardonaRichard cordrayDepartment of educationCorinthian collegesMinnesota school of business globe universityDevry universityGlobe universityMinnesota school of businessEducation departmentTechnical instituteStudent aidMinnesota schoolMarinello schools

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

Education Department cancels $415 million in student debt for victims of for-profit college fraud
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Education department to erase $415 million in student loan debt for nearly 16,000 borrowers

“Students count on their colleges to be truthful. 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,” said Miguel Cardona, U.S. Secretary of Education.

United statesDevry universityMiguel cardonaCorinthian collegesMinnesota school of business globe universityGlobe universityMinnesota school of businessWestwood collegeTechnical instituteUs department of educationUniversity career services departmentMinnesota schoolAdd changing americaCareer servicesFederal trade commission