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Defrauded Students to Get Easier Path to Debt Forgiveness Under New Biden Plan
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wsj.comThe Biden administration released a proposal that will make it easier for students who claim they were defrauded by for-profit colleges to get their federal student loans forgiven, moving to reverse Trump administration limits.
The proposal would update the borrower defense to repayment regulation, a rule initiated by the Obama administration, that has allowed hundreds of thousands of students who attended for-profit colleges to obtain relief if the government determines that schools misled them about job prospects or otherwise committed fraud.
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