The Education Department will wipe out $55 million in student loans for borrowers at three new institutions. - News Summed Up

The Education Department will wipe out $55 million in student loans for borrowers at three new institutions.


The department approved more than 1,600 claims from them, totaling roughly $53 million, which involved two types of misrepresentation. The agency said that between 2002 and the school’s closure in 2015, Westwood misled students about their ability to transfer credits. A second group of borrowers, in the criminal justice program, were misled about their job prospects in law enforcement in Illinois, the department said. Education Department officials also found widespread misrepresentations at the Court Reporting Institute, where it approved 18 claims totaling $340,000. From 1998 through its closure in 2006, the school misinformed borrowers about how long it would take to complete the program, the department found.


Source: New York Times July 09, 2021 15:45 UTC



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