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Government will develop new regulations for student debt forgiveness
MarketWatch: The Department of Education is seeking to hold colleges accountable for defrauding students who used federal student loans to attend their schools.
Next month, the Department will start to develop proposed regulations that would create procedures for borrowers who believe they’ve been defrauded by their college to seek loan forgiveness, establish criteria for the Department to evaluate their claims and spell out standards for the Department to determine a school’s liability for the fraud.
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