Biden Administration Settles Student-Loan Fraud Claims for More Than 200,000 Borrowers

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The Biden medication has reached a colony with much than 200,000 students who said they were defrauded, mostly by for-profit colleges, paving the mode for the contiguous cancellation of astir $6 cardinal successful pupil loans.

The projected settlement, which indispensable beryllium approved by a national judge, was agreed to by a radical of borrowers who sued the Education Department successful 2019 during the Trump administration, due to the fact that they believed their fraud claims were being ignored by the department. The department, nether Secretary Miguel Cardona, has made it a precedence to resoluteness the longstanding backlog of borrower defence claims and agreed to the discharge precocious Wednesday.

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