(FOX BUSINESS) – The Biden administration reached a deal this week to cancel $6 billion in federal student loan debt for about 200,000 borrowers who attended mostly for-profit colleges.
The agreement covers more than 150 schools, including DeVry University, the University of Phoenix, and the recently defunct ITT Technical Institute.
Another 68,000 borrowers who did not attend eligible colleges will have their applications for relief fast tracked under the deal.
