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22.04 - 10:25
Biden Administration Looks to Speed Student-Loan Forgiveness for Defrauded Borrowers
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The Biden administration is working to expand forgiveness of student loans of students who successfully claim they were defrauded by schools, a key component of its piecemeal approach to reducing educational debt.
For-profit colleges worry that the administration could make it too easy to apply for and obtain loan forgiveness, potentially damaging the schools’ reputations and forcing some to close.
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