The Department of Education has forgiven $17.2 billion in federal student loans for nearly 975,000 borrowers, providing relief to those victimized by institutional misconduct.
Under the borrower defense to repayment policy, students can seek loan relief if their institution misrepresented job and income prospects, seeing applications rise significantly since 2015.
The GAO report revealed that 1 percent of borrower defense applications were denied, illustrating the Department's commitment to addressing credible claims of misconduct.
Virginia Foxx criticized the Biden administration's approach to loan forgiveness, suggesting that it reflects a pattern of using student loan policies as a political tool.
#student-loan-forgiveness #borrower-defense #institutional-misconduct #education-policy #biden-administration
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