Biden administration to cancel $1.5B in student loans for former Westwood College students

Posted on AllSides August 30th, 2022
From The Right
AP/Nick Ut/File

The Biden administration announced Tuesday that it is erasing $1.5 billion in federal student loan debt for the 79,000 borrowers who attended the now-defunct Westwood College after officials discovered the school exaggerated the job prospects of its graduates. 

Any federal student loans used to attend the for-profit school over a 13-year stretch will be canceled, the Education Department says, with the financial decision coming just days after President Biden unveiled a plan to forgive $10,000 in federal student debt for all borrowers with incomes less than $125,000 a year or $250,000 per household. 

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