The Biden administration announced Friday it is canceling about $55.6 million in student loan debt for 1,800 people who attended three institutions that the Department of Education found had defrauded them. The eligible borrowers, who attended Westwood College, Marinello Schools of Beauty, and the Court Reporting Institute, will receive 100 percent loan discharges amounting to about $55.6 million in relief, the Department of Education announced. According to the department, this marks the first time it has announced approved borrower defense claims for students who attended institutions other than the Corinthian Colleges, ITT Technical Institute, and American Career Institute since 2017. The debt cancelations are being granted under the borrower defense to loan repayment forgiveness rule, a federal regulation that lets student loan borrowers seek debt relief if they have been defrauded by their college, university, or career school. “Today’s announcement continues the U.S. Department of Education’s commitment to standing up for students whose colleges took advantage of …
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