Feds erase student debt


The Department of Education is set to erase $150 million worth of student debt.

Officials will do so thanks to an Obama-era rule called the Borrower Defense to Repayment.

That benefits students who were taken advantage of by for-profit colleges.

About 15,000 borrowers will benefit from this move.

They were in schools that shut down during the time they were enrolled.

Education Secretary Betsy DeVos tried to block the rule for months however about two months ago, a federal judge ordered the rule be re-implemented.

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