NYT
Education Dept. to Wipe Out Student Loans of 170,000 More Defrauded Borrowers
Monday, August 3, 2026
The U.S. Department of Education announced loan forgiveness for 170,000 borrowers who attended for-profit schools. The settlement covers borrowers who filed claims under the Borrower Defense to Repayment program, which allows loan cancellation for students defrauded by their institutions. The department did not disclose the total dollar amount of forgiven loans in the announcement.
Original reporting: https://www.nytimes.com/2026/08/03/business/student-loans-borrower-defense.html