U.S. to erase $1 billion in debt for students scammed by for-profit colleges

Mar 18, 2021

Tens of thousands of U.S. student loan borrowers defrauded by for-profit colleges are getting debt relief. The U.S. Department of Education is cancelling $1 billion in debt held by about 72,000 student borrowers misled by institutions including the now-defunct Corinthian Colleges and ITT Technical Institute. 

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