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The lesson is to read the article before commenting. Allow me to view source > gather the first visible paragraphs of the WSJ article. >WASHINGTON—The Educatio
by unethical_ban 5y ago
The lesson is to read the article before commenting. Allow me to view source > gather the first visible paragraphs of the WSJ article.
>WASHINGTON—The Education Department will discharge another $415 million in student debt held by borrowers who said they were defrauded by for-profit schools that misrepresented their graduates’ employment prospects or otherwise swindled them, federal officials said Wednesday.
>The loans of nearly 16,000 former students are being forgiven under a legal provision known as borrower defense to repayment, which allows students to have their debts erased if they prove that their schools defrauded them.
This is unrelated to general federal student loan cancellation, which is still a good idea. It isn't as if the debt would be discharged without changes to the loan programs themselves.
But before we get into the discussion regarding cancellation in general it's important to acknowledge this has nothing to do with that.