The Biden administration released a proposal that will make it easier for students who claim they were defrauded by for-profit colleges to get their federal student loans forgiven, moving to reverse Trump administration limits.
The proposal would update the borrower defense to repayment regulation, a rule initiated by the Obama administration, that has allowed hundreds of thousands of students who attended for-profit colleges to obtain relief if the government determines that schools misled them about job prospects or otherwise committed fraud.
