According to a new report, it appears the Biden Administration is now looking to expand student loan forgiveness to include students who claim that they were defrauded by for-profit colleges.

The Details: The new initiative is a key part of the Biden administration’s new attempt to try and tackle student loan forgiveness in a slow, piecemeal fashion.


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Many for profit colleges are now worried that the move could incentivize students to falsely claim they were defrauded by the school in a quest to have their loans forgiven.

So far the Biden administration has discharged around $2 billion of debt held by former students of for-profit colleges who claimed they were defrauded.

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