Sweet Settlement Wipes Out $6 Billion in Student Loan Debt
by Rachel Christian, CEPF®Senior WriterAn estimated 200,000 defrauded former college students are set to have $6 billion in federal loan debt wiped clean as part of a proposed settlement agreement filed June 23 in federal court.Borrowers in the proposed settlement attended one of over 150 schools that the U.S. Department of Education has determined engaged in misconduct, including: Nearly all the schools involved are for-profit colleges or vocational programs.These 200,000










