Education Department officials opened formal negotiations on Monday to rewrite federal rules meant to protect students from fraud by colleges and universities. In 2016, the Obama administration passed revisions to the rule, which clarified the process and added protections for students. The Education Department has accumulated a backlog of some 87,000 loan cancellation claims, according to a report published this week. Tina Carr and Yvette Colon had attended Sanford-Brown Institute, a for-profit college in New York, and are seeking to have their student loans erased. Navient, the loan servicer named in the suit, said it doesn't have the authority to decide the fate of student loans.

Source: ABC News November 13, 2017 08:37 UTC