Defrauded Students to Get Easier Path to Debt Forgiveness Under New Biden Plan

The Biden administration launched a proposal that can make it simpler for college kids who declare they have been defrauded by for-profit schools to get their federal scholar loans forgiven, transferring to reverse Trump administration limits.

The proposal would replace the borrower defense to repayment regulation, a rule initiated by the Obama administration, that has allowed lots of of hundreds of scholars who attended for-profit schools to get hold of reduction if the federal government determines that colleges misled them about job prospects or in any other case dedicated fraud.