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The US Department of Education has announced that it is cancelling $55.6 million in student debt as it approves more than 1,800 loan forgiveness claims from students who were victims of for-profit college fraud.




Secretary of Education Miguel Cardona at a Senate Appropriations Committee Hearing in Washington last month.

Secretary of Education Miguel Cardona at a Senate Appropriations Committee Hearing in Washington last month. Photograph: Michael Brochstein/SOPA Images/REX/Shutterstock

The announcement is part of the Biden administration’s pledge to cancel $1 billion in student debt from defrauded borrowers. Over 73,000 students were eligible for the debt relief under the Trump administration but only received partial loan forgiveness after former Education Secretary Betsy DeVos modified the cancellation calculation, Maya Yang writes.

The ‘Borrower Defense” rule under which the relief is…

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