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In two fell swoops, president Biden has canceled student loans amounting to $2.3 billion. First, he canceled student loans for 72,000 borrowers who attended colleges that used deceptive or predatory practices particularly now-defunct for-profit colleges like ITT Technical Institute and Corinthian Colleges. Then, he canceled another $1 billion for 41,000 borrowers with total and permanent disability. In a sense, this is a continuation of policy started during the Obama years when many high-profile for-profit colleges were found to have misled students and were forced to shut their doors. The schools lied to prospective students about things like job placement numbers. At first, any students were granted 100% loan forgiveness if they attended a school that had committed fraud. But under President Trump, that changed, and only partial debt relief was offered, depending on how much money applicants earned. This decision essentially reverts things to the initial Obama decision, ensurin

United statesDepartment of educationHarvard legal services centerBrookings institutionCorinthian collegesTechnical institutePresident trumpLegal services centerஒன்றுபட்டது மாநிலங்களில்துறை ஆஃப் கல்விஹார்வர்ட் சட்டப்பூர்வமானது சேவைகள் மையம்ப்ரூக்கிங்ஸ் நிறுவனம்கொரிந்தியன் கல்லூரிகள்தொழில்நுட்ப நிறுவனம்ப்ரெஸிடெஂட் துருப்புசட்டப்பூர்வமானது சேவைகள் மையம்