White House launches new student loan webpage for borrowers misled by for-profit schools

- The Biden administration launched a new webpage this week, with clearer instructions for people applying for a specific type of student loan forgiveness.

It’s called borrower defense to repayment, and it’s for students who took out loans for a school that misled or lied to them.Many of these students went to for-profit colleges like Corinthian Colleges, ITT Technical Institute, and Marinello Schools of Beauty.But the new website has comprehensive information about how to apply.

Since Biden took office, more than 1 million borrowers have had $14.5 billion canceled under the program.Copyright 2023 CNN Newsource. All rights reserved.

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