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December 11, 2017

A new report from a government watchdog group urges the Trump administration to forgive student loans for tens of thousands of former for-profit college students who were defrauded by their school.

The report from the Department of Education's Office of Inspector General recommends restarting the student loan forgiveness process for defrauded students who attended Corinthian Colleges or ITT Technical Institute before the two for-profit giants collapsed.

Earlier this year, Education Secretary Betsy DeVos froze Obama-era regulations, saying they’d cost taxpayers billions of dollars.

Then, in July, Massachusetts and 17 other states sued DeVos, demanding the courts let the existing regulations go into effect.

In a statement, Massachusetts Sen. Elizabeth Warren says this new report proves DeVos “has absolutely no excuse – it’s time to cancel these fraudulent loans.”

Earlier: While For-Profit College Students Wait, Trump Administration Stalls

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