Education Department To Erase $415 Million In Student Loan Debt For Nearly 16,000 Borrowers, Former DeVry University Students Included

Student loan debt has been an ongoing conversation for decades, and nearly16,000 former students may get a bit of relief due to borrower defense claims cleared by the US Department of Education. According to the website, former students will have $415 million of student loan debt erased. “Nearly 16,000 borrowers will receive $415 million in borrower defense to repayment discharges following the approval of four new findings and the continued review of claims.” This includes 1,800 former DeVry University students who will receive “approximately $71.7 million in full borrower defense discharges.” It was determined the university gave widespread misleading information… Read Full Article