DeVos may only partly forgive some student loans

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DeVos may only partly forgive some student loans

U.S. Education Secretary Betsy DeVos speaks during a dinner hosted by the Washington Policy Center in Bellevue, Wash. The Associated Press has learned the Education Department is considering only partially forgiving federal loans for students defrauded by for-profit-colleges. That would mean abandoning the Obama administration’s policy of fully erasing that debt. Under President Barack Obama, tens of thousands of students deceived by now-defunct for-profit schools had over $550 million in such loans canceled completely. The possible change could leave many students scrambling after expecting full forgiveness.

DeVos may only partly forgive some student loans

U.S. Education Secretary Betsy DeVos speaks during a dinner hosted by the Washington Policy Center in Bellevue, Wash. The Associated Press has learned the Education Department is considering only partially forgiving federal loans for students defrauded by for-profit-colleges. That would mean abandoning the Obama administration’s policy of fully erasing that debt. Under President Barack Obama, tens of thousands of students deceived by now-defunct for-profit schools had over $550 million in such loans canceled completely. The possible change could leave many students scrambling after expecting full forgiveness.
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