The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminary Education Department data obtained by The Associated Press.
The figures demonstrate the impact of Education Secretary Betsy DeVos’ new policy of tiered relief, in which students swindled by for-profit schools are compensated based on their earnings after the program.
Of the roughly 16,000 fraud claims approved thus far by the Education Department under DeVos, slightly more than 1,000 students received full forgiveness on their loans, according to an AP analysis of the data.
Read more at The Associated Press: https://www.apnews.com/2a7f15bf7dfe4604a91b972e73633aa2