Biden's Education Secretary just canceled $1 billion of student-loan debt for about 72,000 defrauded borrowers

[NRSKarenRN, BSN, RN]

This will  greatly help those defrauded by Corinthian College  and ITT Technical Institute improve their financial situation...

Business insider

Biden's Education Secretary just canceled $1 billion of student-loan debt for about 72,000 defrauded borrowers

Quote

In his first major move as Education Secretary for President Joe Biden, Miguel Cardona on Thursday reversed a Trump-era policy that gave only partial relief to defrauded students. For-profit institutions that shut down years ago, like Corinthian Colleges and ITT Technical Institutes, violated federal law by persuading their students to take out loans, and Cardona's new policy will help approximately 72,000 of those students receive $1 billion in loan cancellation....