And this settlement only covers loans that students took out with the school directly. Any students with federal loans are still on the hook for every penny.

And this settlement only covers loans that students took out with the school directly. Any students with federal loans are still on the hook for every penny. Edit: Source for anyone interested[1]. Federal law provides individuals with federal student loans to discharge their loans under the "borrower defense" if the students were defrauded into taking out those loans. The intent was to allow debt relief for students of for-profit institutions who are saddled with with enormous loans when the education has little or no economic benefit. On paper, the CEC students are eligible for this program but DeVos has been reluctant to allow any borrowers to take advantage of the program. It's been an ongoing legal matter.[2] [1]https://www.capemaycountyherald.com/news/government/article_cedde136-0f87-11e9-9b44-43d0aa9ceefd.html https://www.capemaycountyherald.com/news/government/article_... [2]https://www.forbes.com/sites/zackfriedman/2018/10/17/student-loan-forgiveness-devos/#7f6777a86fd6 https://www.forbes.com/sites/zackfriedman/2018/10/17/student...