The Department of Education announced Thursday its plans to forgive $150 million in federal student loan debt.
The department is implementing 2016 “borrower defense” regulations that Secretary Betsy DeVos had attempted to kill, Politico reported.
In September, a federal judge ruled in favor of former students who had been made false promises by schools or had attended schools that closed. But DeVos argued that the policies lacked ample borrower proof requirements, according to Politico.
A month later, the same judge rejected a request from for-profit colleges to block the policy.
The department said it has identified about 15,000 people who are eligible for loan forgiveness due to “automatic closed school discharge based on attendance at a school that closed between Nov. 1, 2013, and Dec. 4, 2018.” – READ MORE