U.S. Secretary of Education Betsy DeVos will cancel $10.8 million of student loan debt.More than 1,500 students who attended Art Institute of Colorado and the Illinois Institute of Art, two for-profit schools, between January 20, 2018 and December 31, 2018 will have approximately 4,000 federal student loans cancelled and their Federal Pell Grant eligibility restored.
Rep. Bobby Scott , chairman of the House Committee on Education and Labor believes that DeVos and the Education Department supported efforts to “retroactively accredit” both educational institutions by rewriting Department policy. Both Art Institute of Colorado and the Illinois Institute of Art had their accreditation revoked in January 2018 and stopped enrolling students in July 2018. Typically, students who were enrolled when a school closes or who withdrew not more than 120 days before the school closed can have their federal student loans from that school forgiven if they meet certain requirements.
Unwillingly. She was FORCED to by a judge. Please do better with your headlines. This is irresponsible journalism.
Student Debt Battle Pits DeVos With Key House Democrat -
Lets put this in some perspective...shall we? That's, what, 6.75 ten thousands of one percent of the current outstanding student loan debt...what about this is supposed to impress me? Especially when, under Bernie Sanders plan, 100% would be wiped clean from the books. Please...
This headline is a lie and she is a parasite.
She was supposed to do this by law. She didn't. She got sued. She's doing it under duress. Not saying so in the headline is lying, to boost her image.
This is such a poor headline
Alright bitch US student debt is 1.5 trillion. You're going to cancel 0.0000072%? Shame on this headline
This headline is misleading af. These students were already getting scammed, so this isn’t a gift from Devos, it’s trying to make it go away.
Shame on for this bullshit headline What do all these publications get out of lying and misleading? shameonforbes
Fix your headline.
Canary128 you have to see this
There are still over 20,000 students who attended a school under Education Corporation of America when it lost accreditation and Trump Administration rolled back Obama Era Gainful Employment Rule. DeVos is fucking trash
Super misleading headline..shame on you
Cancel the clickbait
Hopefully not at taxpayer expense.
This was ordered by the court because DeVos lost the lawsuit trying to stop it then only followed thru when threatened with jail. This is not a kindness from Betsy. Mislead much. 🙄🙄🙄
They never canceled mine. What message does this send to the borrower? I can get a loan but don't need to pay it back. Nice!!!
To all the rich kids!
Laura en América
Cancel student loan debt? YES. This is not socialism but either Christian forgiveness or restitution for BillClinton selling out students to bankers when he made student loans non-dischargable in bankruptcy plus schools raised tuition and encouraged getting useless degrees.
Even Trump wouldn’t do her. That says something.
Misleading headline - it should have includes ‘soe devos fails to comply with court order impacting corinthian college ...
Only 1.5634 trillion to go!
This old bag.
Those 13 lucky people will be thrilled.
The lefties will find some reason to hate this. Can’t wait for the contrived bs to start rolling.
Okay I can honestly say I didn't see that coming.
This headline is misleading...
Token gesture at best.
Cancel sounds like the debt is moving to US Treasury...
Cancel or forgive? Lol
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