White House says working to give relief to student loan borrowers By Reuters

March 19, 2021 admin Stock News 0

© Reuters. Jean-Pierre, White House Deputy Press Secretary, speaks with reporters outside the West Wing in Washington

ON BOARD AIR FORCE ONE (Reuters) – White House Principal Deputy Press Secretary Karine Jean-Pierre on Friday said the Biden administration was working to give full relief to student loan borrowers who have been taken advantage of.

The U.S. Department of Education on Thursday said it was scrapping a controversial formula, championed by former President Donald Trump’s administration, that granted only partial relief to student loan borrowers who were defrauded by for-profit colleges.

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