Biden Admin Cancels $55.6 Million in Student Loan Debt
The Biden administration announced Friday it is canceling about $55.6 million in student loan debt for 1,800 people who attended three institutions that the Department of Education found had defrauded them.
The eligible borrowers, who attended Westwood College, Marinello Schools of Beauty, and the Court Reporting Institute, will receive 100 percent loan discharges amounting to about $55.6 million in relief, the Department of Education announced.
According to the department, this marks the first time it has announced approved borrower defense claims for students who attended institutions other than the Corinthian Colleges, ITT Technical Institute, and American Career Institute since 2017.
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Dept of Education cancels more than $55 million in student debt for-profit college students
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