U.S. Has Stopped Canceling Debt for Defrauded Students, Inspector General Finds

The U.S. Education Department under President Donald Trump and Secretary Betsy DeVos has stopped canceling the student-loan debt of people defrauded by failed for-profit schools and those borrowers face mounting interest and other burdens, its inspector general said on Monday.

DeVos is seeking to redo the process for canceling the debts of people who attended Corinthian Colleges, which collapsed in 2015 amid government investigations into its post-graduation rates, and other failed schools.

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