(WHDH) — The Department of Education is set to erase $150 million worth of student debt.
Officials will do so thanks to an Obama-era rule called the borrower defense to repayment, which benefits students who were taken advantage of by for-profit colleges.
About 15,000 lenders who were in schools that shut down during the time they were still enrolled will benefit from this move.
Education Secretary Betsy DeVos tried to block the rule for months.
However, about two months ago, a federal judge ordered the rule be reimplemented.
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