Education Secretary Betsy DeVos announced the cancellation of around 4,000 loans to students of for-profit colleges whose parent company shut down in 2018.
."In this instance, students were failed and deserve to be made whole. By canceling these students' loans and restoring their Pell eligibility, as well as extending the closed school discharge period, we hope that these impacted students will now have the tools and resources they need to complete their education."
Any degrees earned during the time delineated in the lawsuit were marked as non-accredited. Because of this,"students have been harmed as they seek transfer credit and employment elsewhere."
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