U.S. Unveils Rules on Forgiving Student Loans After School Fraud

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U.S. Unveils Rules on Forgiving Student Loans After School Fraud
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The Trump administration will resume canceling the student-debt obligations of Americans who prove that their colleges defrauded them

The new rules—known as “borrower defense”—replace an Obama-era plan designed to provide relief for former students of for-profit colleges.

The Obama administration used its plan to start forgiving debt of borrowers who attended schools the administration accused of deceptive marketing, including the now-defunct Corinthian Colleges.

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