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March 23, 2021

Biden Administration Will Cancel $1 Billion in Loans to Students Defrauded by For-Profit Colleges
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Education Secretary Miguel Cardona has canceled $1 billion in student
loans for more than 70,000 people defrauded by for-profit colleges. The
decision reverses a move by former Education Secretary Betsy De Vos to
limit student loan relief for people impacted by the collapse of
for-profit colleges like Corinthian and ITT Technical Institute.


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