Biden administration discharges $4.5B in loans for Ashford college students

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The Schooling Division is discharging any remaining loans for greater than 260,000 debtors who attended Ashford College and can transfer to bar a key govt at Ashford’s former mum or dad firm from the federal monetary support system, the company introduced Wednesday. The company’s motion, totaling $4.5 billion, builds on an August 2023 choice to forgive…

Ed Dept. forgave $17.2B in pupil loans, report finds

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The Division of Schooling had forgiven $17.2 billion in federal pupil loans for practically 975,000 debtors as of April 30, by a program that enables debtors to hunt reduction in the event that they’ve been misled or defrauded by their faculty, the U.S. Authorities Accountability Workplace discovered in a report launched Thursday. Beneath the borrower protection to…