DeVos Cancels $10.8 Million Of Student Loan Debt

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.

This is an INSANELY misleading headline

Huh? What about other university students who are absolutely drowning in student loans

1% of 1%

1%

Come on Forbes...misleading headline and photo. DeVos was forced by Fed Court order and she was fined by same court for illegal actions regarding this. Not the happy go lucky smiling face kind of action.

For whom, I've got some, and time served

Hmm not mine, must be the debt of student athletes already getting paid.

To students who attended two FOR PROFIT universities.

LOL

Thanks to hasanminhaj i guess 😁 patriotact

Read the whole article

Now all she has to do is tell realDonaldTrump and the rest of the country the truth: tax funded education is a scam and destroys kids minds, and should be abolished immediately. BetsyDeVosED

See Betsy, it didn't hurt a bit edmpirg MikeLittUSA BarmakN

Sooooo is that like 100 students Lmao

another misleading headline without context

After the court almost had her?

After a court made her!!!!

Scared!

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DeVos Cancels $10.8 Million Of Student Loan DebtU. S. Secretary of Education Betsy DeVos will cancel $10.8 million of student loan debt. Cancel sounds like the debt is moving to US Treasury... Cancel or forgive? Lol The lefties will find some reason to hate this. Can’t wait for the contrived bs to start rolling.
Source: Forbes - 🏆 394. / 53 Read more »

DeVos Cancels $10.8 Million Of Student Loan DebtU. S. Secretary of Education Betsy DeVos will cancel $10.8 million of student loan debt. Cancel sounds like the debt is moving to US Treasury... Cancel or forgive? Lol The lefties will find some reason to hate this. Can’t wait for the contrived bs to start rolling.
Source: Forbes - 🏆 394. / 53 Read more »

The Education Department is cancelling $10.8 million in student loan debt for students at two shuttered schoolsMore than 1,500 students are getting a fresh financial start. A whole 1500 This is BS. A cool 0.0008% of outstanding student loan debt for 0.003% of borrowers
Source: MarketWatch - 🏆 3. / 97 Read more »

US household debt rises in Q3, driven by student loans, mortgages - Business InsiderThe Fed also released a study showing student loan default rates in black-majority zip codes landing twice as high compared to white-majority areas.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Black student loan borrowers are defaulting at nearly twice the rate of whites: NY FedStudent loan borrowers from mostly black neighborhoods are almost twice as likel... Yep they will cuz they are good for nothing bunch 🐒🐒. Loans are racist. When you have all TheDemocrats screaming they gonna get everything free then why bother paying?
Source: Reuters - 🏆 2. / 97 Read more »