Latest Breaking News

Yo_Mama_Been_Loggin

(108,684 posts) Fri Mar 19, 2021, 02:46 PM Mar 2021

Students who were defrauded by for-profit schools will have their student loans eliminated

Source: Axios

Students who were defrauded by for-profit colleges will have their federal school loans eliminated, the Education Department announced on Thursday.

Why it matters: The change will eliminate approximately $1 billion in student loan debt for 72,000 borrowers who filed claims, AP reports.

Debts of students whose claims were already approved will be erased.

The department will also review backlogged cases and re-evaluate cases that were denied.

-more-

Read more: https://www.yahoo.com/news/students-were-defrauded-profit-schools-144117886.html

6 replies

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Highlight:

Students who were defrauded by for-profit schools will have their student loans eliminated (Original Post) Yo_Mama_Been_Loggin Mar 2021 OP

This is freaking excellent news! Hugh_Lebowski Mar 2021 #1

Yes! Evolve Dammit Mar 2021 #2

I'd just love to see them go after the for profit schools captain queeg Mar 2021 #3

Message auto-removed Name removed Mar 2021 #4

Glad to hear it. Joinfortmill Mar 2021 #5

Once again, DENVERPOPS Mar 2021 #6

Hugh_Lebowski

(33,643 posts)

1. This is freaking excellent news!

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Mar 19, 2021, 03:23 PM

Mar 2021

Hey, tough luck, Amway Lady. You tried.

Evolve Dammit

(16,877 posts)

2. Yes!

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Mar 19, 2021, 07:26 PM

Mar 2021

captain queeg

(10,394 posts)

3. I'd just love to see them go after the for profit schools

Reply to Yo_Mama_Been_Loggin (Original post)

Fri Mar 19, 2021, 08:49 PM

Mar 2021

like trump U. There should be a concerted effort to regain dollars from these crooked places. Freeze all their assets while they are investigated.

Response to Yo_Mama_Been_Loggin (Original post)

Name removed Message auto-removed

Joinfortmill

(14,585 posts)

5. Glad to hear it.

Reply to Yo_Mama_Been_Loggin (Original post)

Sat Mar 20, 2021, 04:34 PM

Mar 2021

Needs to be an accounting from these so called colleges.

DENVERPOPS

(8,978 posts)

6. Once again,

Reply to Yo_Mama_Been_Loggin (Original post)

Sat Mar 20, 2021, 05:00 PM

Mar 2021

The corrupt, phony, "education"corporations have stolen all the profits and left the taxpayers to pick up the Tab.

20-30 years ago, when as an exec I was given a stack of applications for a position requiring an MBA, I would have my admin asst go through the stack first and throw out any application where the applicant got their MBA from the Univ of Phoenix, next would be a screening of any that got their MBA from an "Executive MBA" program at legit schools.......

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