First on CNN: Biden administration makes it easier for borrowers misled by for-profit colleges to apply for student loan forgiveness
“The Biden administration is making it a little easier for borrowers who were misled by their for-profit college to apply for student loan forgiveness. This comes as the president’s broader, separate plan to cancel up to $20,000 in student debt is held up in the courts. The Department of Education launched a new webpage this week, providing clearer instructions for people seeking debt forgiveness under a program called borrower defense to repayment. Borrowers who have been misled by their college have long had the right to request loan forgiveness, but the application process wasn’t clearly established until the Obama administration. Now, the department’s Federal Student Aid office is offering more comprehensive information about how to apply.”