Dept. of Ed. Freezes Loan Discharge Program

The federal Department of Education last week froze two Obama-era changes in student loan programs aimed to protect students against predatory for-profit schools. The first program allowed students to have their loan debt erased if the school acted fraudulently or otherwise cheated the student. The second program, known as the Gainful Employment Mandate, cut off federal loan funds for colleges whose graduates did not earn enough money to pay off their loans. The loan discharge rules were set to go into effect on July 1. Read more here.

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