Canceling student debt for millions of borrowers 'cheated by for-profit colleges' isn't enough, Biden's Education Department says — it's time for the top executives to pay up
President Joe Biden's Education Department doesn't want to let executives of for-profit colleges that cause student debt to surge off the hook.on implementing the Education Secretary's authority to hold executives of private colleges financially liable for the cost of unpaid debts defrauded students took on.
"The Biden-Harris Administration is canceling the loans of more than a million borrowers cheated by for-profit colleges. But too often, the owners and executives of these colleges escape liability," Under Secretary of Education James Kvaal said in a statement.
Existing civil or criminal lawsuits, settlements, or disciplinary actions by the government involving claims of fraud And a compensation structure for executives that could"significantly affect the financial health of the institution."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ice Hockey: Previewing all five 2022 NJSIAA state tournament finalsTake an in-dept look at all five state final matchups at Prudential Center on Monday.
Read more »
Ice Hockey: Previewing Monday’s five 2023 NJSIAA state tournament finalsTake an in-dept look at all five state final matchups at Prudential Center on Monday.
Read more »
Justin Bieber Performs Live After Canceling 'Justice World Tour' DatesJustin Bieber had several live performances over the weekend following the report that the JusticeWorldTour has been cancelled.
Read more »
The Focal Bathys Are the Ultimate Noise-Canceling HeadphonesWIRED Gorgeous design. Super comfortable. Case and headphones made with high-quality materials. 30-hour battery life. Multi-device pairing. Built-in DAC mode for wired listening. Easy to use. TIRED Expensive.
Read more »
Jill Biden blasts Nikki Haley plan to test Joe Biden’s mental competence: ‘ridiculous’First lady Jill Biden called it 'ridiculous' for GOP presidential hopeful Nikki Haley to demand cognitive function testing when politicians turn 75, a poke at...
Read more »
Justin Bieber Makes Surprise Appearance at Don Toliver's Rolling Loud GigDon Toliver lined up special guests Justin Bieber, James Blake and Kali Uchis for his Saturday night set at Rolling Loud California
Read more »