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The $1.7 Billion Student Loan Deal That Was Too Good to Be True | New York Times

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Washington Post

DeVry, ITT Tech students among thousands of defrauded borrowers to receive $415 million in loan cancellation | Washington Post

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Project on Predatory Student Lending

New Report Details Massive Scale of Fraud and Abuse at Notorious For-Profit College ITT Tech | Press Release

The $1.7 Billion Student Loan Deal That Was Too Good to Be True | New York Times

The settlement was portrayed as a win-win for 39 states and the loan giant Navient. But thousands who received predatory loans will still have to pay.

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DeVry, ITT Tech students among thousands of defrauded borrowers to receive $415 million in loan cancellation | Washington Post

The Education Department said Wednesday that it will cancel the federal student loans of nearly 16,000 people defrauded by DeVry University, ITT Technical Institute and Minnesota School of Business/Globe University.

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Education Department cancels $415 million in student debt for victims of for-profit college fraud | CNN Politics

The Education Department announced Wednesday that it has canceled another $415 million in federal student loan debt owed by nearly 16,000 borrowers who were misled by for-profit colleges.

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Department of Education to cancel $415 million in student loan debt | MarketWatch

Roughly 16,000 borrowers who were scammed by their schools will have their federal student loans discharged, resulting in $415 million in relief, the Department of Education announced Wednesday. The borrowers receiving relief attended four for-profit colleges that the agency found misled students in the process of luring them into enrolling and taking on debt to pay for school.

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Feds Forgive Loans of Thousands More Defrauded Student Borrowers | US News and World Report

Nearly 16,000 federal student loan borrowers will receive $415 million in relief, according to an announcement Wednesday by the Education Department that provided new details of fraud by several for-profit schools, including those who attended DeVry University.

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The Education Department will wipe out loans for students defrauded by DeVry University | The New York Times

The Education Department will cancel federal student loans for at least 1,800 students who attended DeVry University, once one of the nation’s largest for-profit college chains, because it fraudulently lured in applicants for years with vastly inflated claims about their career prospects.

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Education Department’s Student Loan Discharges Represent Only 6% of Unresolved Borrower Defense Claims | Press Release

Today, the U.S. Department of Education announced that it will cancel $415 million in federal student loans for approximately 16,000 borrowers, including former students of the for-profit colleges ITT Tech, Corinthian Colleges, DeVry University, Westwood College, Marinello Schools of Beauty, and Minnesota School of Business/Globe University. The Department described its findings as “instances in which students were misled into loans at institutions or programs that could not deliver what they’d promised.”

DeVry University misled students. Now, the federal government is erasing their debt | NPR

Nearly 16,000 federal student loan borrowers who were misled by for-profit colleges will have $415 million in debts erased, according to the U.S. Department of Education. These borrowers — who attended DeVry University, ITT Technical Institute and other schools — will receive relief through a legal provision known as borrower defense, which promises loan relief for defrauded borrowers.

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Biden Administration Approves $415 Million In New Student Loan Forgiveness Under Troubled Program: Key Details | Forbes

The U.S. Department of Education on Wednesday announced that it had approved $415 million in new student loan forgiveness for borrowers defrauded by their schools. “The Department remains committed to giving borrowers discharges when the evidence shows their college violated the law and standards,” said U.S. Secretary of Education Miguel Cardona in a statement. “Students count on their colleges to be truthful. Unfortunately, today’s findings show too many instances in which students were misled into loans at institutions or programs that could not deliver what they’d promised.”

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Could student loan payments be frozen until 2023? ‘Anything is possible,’ experts say | Fortune Education

Payments on federal student loans have been on pause for nearly two years to give borrowers a financial break during the pandemic. After several extensions, though, borrowers will be on the hook to start making payments again in less than 100 days.

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