Biden forgives more than $6 billion in student debt for 317,000 defrauded borrowers
(The Hill) - The Biden administration announced Wednesday it would be forgiving
The 317,000 borrowers will receive the relief after it was discovered the school "falsified data, knowingly misled students, and cheated borrowers into taking on mountains of debt without leading to promising career prospects at the end of their studies."
The relief comes through the Borrower Defense program that allows those defrauded by their schools to receive loan cancellation.
Among the infractions against the
"For more than a decade, hundreds of thousands of hopeful students borrowed billions to attend
In the announcement, Biden directly went after Trump, saying, "While my predecessor looked the other way when colleges defrauded students and borrowers, I promised to take this on directly to provide borrowers with the relief they need and deserve."
The latest round of forgiveness brings the total amount of relief given to student loan borrowers under the Biden administration to
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