Court orders DeVos to cancel $150 million in federal student loan debt

A federal judge has sided with students cheated by for-profit colleges, forcing Secretary of Education Betsy DeVos to forgive $150 million in federal student loan debt.The move affects about 15,000 students whose schools closed or otherwise misled students. About half of the borrowers attended campuses owned by Corinthian Colleges, a chain of for-profit colleges that went bankrupt in 2015 after it was fined $30 million by the government for misleading students with inflated job placement...

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