Nearly 85,000 people will get their federal student debt forgiven through the U.S. Department of Education’s Borrower Defense Loan Discharge program. People may be eligible for the option if their school closed while they were enrolled or if they were misled by their school or didn’t receive a quality education.
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The Education Department said it had approved group discharges for 73,600 students who attended schools owned by the Center for Excellence in Higher Education, including Independence University and California College San Diego. The $1.15 billion in debt forgiveness will go to borrowers who attended these institutions between Jan. 1, 2006, and Aug. 1, 2021, the Education Department said.
Another 11,000 borrowers will get their student debt canceled if they attended any location of Drake College of Business between Jan. 1, 2008, and July 31, 2015, …