140,000 people are still waiting for student loan relief thanks to Trump rollbacks - News Summed Up

140,000 people are still waiting for student loan relief thanks to Trump rollbacks


Washington (CNN) It's been five months since a federal court ordered Education Secretary Betsy DeVos to give defrauded student loan borrowers relief, but more than 100,000 people are still waiting to hear whether their debt will be canceled. The Obama-era rule, known as Borrower Defense to Repayment, allows students who believe they were defrauded by their college to apply for loan forgiveness. The idea is that if they didn't get the education they were promised, they shouldn't have to pay back their debt. As of last fall, more than 200,000 people had applied for loan forgiveness, a majority of whom went to for-profit colleges. Nearly 48,000 received debt relief and 9,000 have been denied.


Source: CNN March 26, 2019 11:02 UTC



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