Miguel Cardona: Latest News

All news where Miguel Cardona is mentioned

Miguel Cardona - Education Department erases $415M in student loan debt for 16,000 borrowers - fox29.com - state Illinois - state Minnesota
fox29.com
71%
958
Education Department erases $415M in student loan debt for 16,000 borrowers
announced this week it will cancel $415 million in federal student loans by nearly 16,000 borrowers allegedly misled by for-profit colleges.The borrowers, who attended DeVry University, ITT Technical Institute, Westwood College and the Minnesota School of Business/Globe University, will receive the relief through a legal provision known as borrower defense, which allows individuals to discharge some or all of their student loan debt if their school misled them or otherwise engaged in other misconduct. "The department remains committed to giving borrowers discharges when the evidence shows their college violated the law and standards," Education Secretary Miguel Cardona said in a statement Wednesday.The department found that between 2008 and 2015, DeVry University, a for-profit university headquartered in Illinois, repeatedly misled students by claiming that 90% of its graduates actively seeking employment landed a job in their field of study within six months of graduation. The job placement level was actually closer to 58%, according to the department.The department has so far identified about 1,800 borrowers who will be eligible for more than $71 million in discharges because they "relied upon DeVry's misrepresentation in deciding to enroll." The number of borrowers who qualify for discharge is expected to grow as the department continues to review outstanding claims from former students.
DMCA