Education Department Secretary DeVos meets with officials from Saudi Arabia (Source: USED Flickr)
This story first appeared in the New York Times.
Thousands of students who say they have been swindled by predatory for-profit universities will soon learn whether their loans will be forgiven by the Education Department, but under a new Trump administration policy, some students who expected full loan forgiveness may only receive partial relief.
The education secretary, Betsy DeVos, announced Wednesday that the department will have responded to more than 20,000 so-called borrower-defense claims filed by students from Corinthian Colleges, a defunct for-profit chain that spurred a federal crackdown on for-profit colleges.
The claims, part of nearly 100,000 that have amassed and stalled under the Trump administration, include 12,900 approvals and 8,600 denials.
The notifications are the first step that Ms. DeVos has taken to address widespread abuses in the for-profit sector that have left students buried in debt with seemingly worthless degrees and little recourse except for seeking debt relief from the federal government…
Read the full story here.