The U.S. Department of Education announced Thursday it will forgive $150 million in federal student loans.
Nearly 15,000 former students whose schools shut down prior to graduation between Nov. 1, 2013 and Dec. 4 will now have their loans cancelled, the Education Departmentannouncement said.
Borrowers will find out about the loan forgiveness over email Friday, CNBC reported.
“For them, it’s going to be a very nice Christmas present,” former Education Department official Clare McCann said, according to CNBC.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
Prob all the Black ones
Must be nice, hell I should have gone to college for FREE !!
Lets All go to college and later the Bills are Forgiven !
I cannot believe this!
Should've gone to a lower grade school so I could have mine erased too. Never! However, I do believe the former students of these schools should have to pass some sort of exam or forfeit their worthless degrees.
Post a Comment