Biden administration to cancel $72 million in student debt for scammed borrowers

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The Department of Education is canceling $72 million in debt for 2,300 borrowers who the department found were scammed by their school, officials announced Wednesday. 

The borrowers impacted by the announcement attended Ashford University, which was a San Diego-based online for-profit college, between March 1, 2009 and April 30, 2020. To qualify for the relief, borrowers had to fill out a borrower defense application, a claim form borrowers can use to petition to have their debt canceled in cases where they believe they were…

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