WASHINGTON The Obama administration is trying to make it easier for students who have been misled or defrauded by their colleges to have their loans forgiven.
The Education Department says a rule proposed Monday would lay out a clear relief process for borrowers who believe they were lied to about job prospects after college or otherwise deceived in order to enroll in the school. It also aims to hold schools accused of fraud or at financial risk more accountable by requiring them to notify prospective and enrolled students, as well as set aside money that could help cover future claims against the school.
The proposal follows the collapse last year of Corinthian Colleges, one of the largest for-profit college companies.
A college d…
Read the full article at: http://www.pressherald.com/2016/06/13/plan-would-help-students-defrauded-by-a-college-get-debt-erased/