02/17/2022
The Department of Education has approved $415 million in borrower defense claims for nearly 16,000 former students after new evidence showed that their schools may have misled them into loans. The latest round of loan forgiveness brings the total amount approved by the department to approximately $2 billion for more than 107,000 borrowers.ββββββββ
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Thousands of students have filed fraud complaints against their university or college and now many are set to have their student loan debts erased as the U.S. Department of Education approved $415 million in borrower defense claims. ββββββββ
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The U.S. Department of Education announced Wednesday that nearly 16,000 student borrowers will receive $415 million in borrower defense, a legal provision that promises loan relief for defrauded borrowers, after it found multiple schools misled students.ββββββββ
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