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The Biden administration is erasing more than $55 million in debt for former students of Westwood College, the Marinello Schools of Beauty and the Court Reporting Institute. ... which offers loan ...
Around 79,000 student-loan borrowers who attended Westwood College between 2002-2015 will receive automatic student-loan forgiveness.
The U.S. Department of Education announced Tuesday it is discharging the loans taken out by 79,000 students who attended Westwood College.
Westwood College was founded in Denver, Colorado, in 1953. For many years, the school was known as Denver Institute of Technology, offering diploma and degree programs in a variety of technical fields. As the school expanded into other industries, the name was changed to Westwood College in 1997.
In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms. [7] [16] Following litigation brought by several Republican-led state governments, the Supreme Court ruled in Biden v. Nebraska (2023) that the statute did not permit the administration's debt forgiveness ...
The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...
The bottom line is it's probably not a good idea to let your credit and financial flexibility be damaged in hopes of student debt forgiveness that may never come.
Who qualifies for $10,000 in student loan debt forgiveness? Those who did not receive Pell Grants but make less than $125,000 as individuals or less than $250,000 as a married couple are eligible ...