The Department of Education canceled an additional $55.6 million in student loan debt for 1,800 student who were victims of a for-profit college fraud, bringing the total amount of canceled student loan debt by the Biden administration to $1.5 billion.
“Today’s announcement continues the U.S. Department of Education’s commitment to standing up for students whose colleges took advantage of them,” Miguel Cardona, the secretary of education, said in the department’s statement released Friday.
The latest loan cancellation is for students who attended Westwood College, Marinello Schools of Beauty and the Court Reporting Institute. This is the first time the department approved loan forgiveness to students who attended schools other than Corinthian Colleges, ITT Technical Institute and American Career Institute since 2017.
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Source: Biden administration cancels $1.5 billion of student loan debt
