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Education Department Cancels Student Loans for 170,000 Borrowers

The U.S. Department of Education is set to cancel student loans for 170,000 borrowers who were defrauded by their educational institutions. This action is part of a broader settlement from 2022 that included more than 150 for-profit colleges.

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Kaplan College

The U.S. Department of Education announced it will discharge student loans for an additional 170,000 borrowers who were defrauded by their institutions. This decision follows a 2022 settlement involving over 150 schools, primarily for-profit colleges, including Kaplan College.

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Original Headline

Education Dept. to Wipe Out Student Loans of 170,000 More Defrauded Borrowers

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Education Department Cancels Student Loans for 170,000 Borrowers