DeVos may only partly forgive some student loans
WASHINGTON- The Education Department is considering only partially forgiving federal loans for students defrauded by for-profit colleges. Department officials confirmed the change is being discussed. The change would abandon the Obama administration's policy of erasing that debt.
Under President Barack Obama, tens of thousands of students deceived by now-defunct for-profit schools had over $550 million in such loans canceled.
But President Donald Trump's education secretary, Betsy DeVos, is working on a plan that could grant such students just partial relief.
If DeVos goes ahead, the change could leave many students scrambling after expecting full loan forgiveness, based on the previous administration's track record. It's not immediately clear how many students might be affected.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
DOTD focused on bridges ahead of potential for ice
Customers race to hardware stores to beat freezing temperatures
LSU gymnastics has third meet affected in three weeks
Corner store partners with nonprofit, providing healthy food options in food desert
Teen troublemaker escapes juvenile detention center for a third time