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Saturday, December 15, 2018

Education Department Wiping Clean $150 Million In Students Loans After Obama-Era Rule

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.

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4 comments:

  1. AnonymousDecember 15, 2018 at 9:01 AM

    Prob all the Black ones

    Must be nice, hell I should have gone to college for FREE !!

    ReplyDelete
  2. AnonymousDecember 15, 2018 at 9:34 AM

    Lets All go to college and later the Bills are Forgiven !

    ReplyDelete
  3. AnonymousDecember 15, 2018 at 10:31 AM

    I cannot believe this!

    ReplyDelete
  4. AnonymousDecember 17, 2018 at 12:03 AM

    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.

    ReplyDelete

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