Comment on Betsy DeVos halts debt relief for defrauded students

Betsy DeVos halts debt relief for defrauded students

(Credit: AP Photo/Evan Vucci) The U.S. Department of Education put a halt on student loan debt cancellations for student who were victims of fraud by for-profit colleges — leaving many students in the dark about their loan status without an official announcement, according to a new Reuters report. The debt cancellations were first approved in former President Obama’s final months of office, and aimed to reconcile loans given to those who attended California’s Corinthian Colleges, including the Heald, Wyotech and Everest campuses, which collapsed in 2015. According to the report, Betsy DeVos has also officially halted existing cancellations after months of speculation and concern.

 

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