After announcing broad student-loan forgiveness, Biden’s Education Department wipes out $1.5 billion in student debt for borrowers subjected to ‘manipulation’ by a for-profit school

College graduation
The Education Department announced $1.5 billion in student-loan forgiveness for 79,000 Westwood College students. 
Westwood shut down in 2016, and the department said it misrepresented job prospects to students.
This relief will apply to those who attended the school between January 1, 2002, and November 17, 2015.

President Joe Biden may have announced one-time blanket student-loan forgiveness, but that doesn’t mean he’s done helping borrowers who attended fraudulent for-profit schools.

On Tuesday, Biden’s Education Department announced it has approved $1.5 billion in student-debt relief for 79,000 borrowers who attended Westwood College. The department found that Westwood, a for-profit school that shut down in 2016, engaged in “widespread misrepresentations about the value of its credentials for attendees’ and graduates’ employment prospects,” according to a press release, warranting a group approval of borrower defense claims filed by former students, which are…

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This article was written by [email protected] (Ayelet Sheffey) and originally published on www.businessinsider.com