The Education Department announced it will be wiping out $130 million in student debt for 7,400 borrowers. On Tuesday, the Education Department announced it will deliver $130 million in debt cancellation to 7,400 students who were enrolled at Colorado-based locations of CollegeAmerica between January 1, 2006 and July 1, 2020. The department said it will begin notifying borrowers eligible for relief in August, after which those borrowers will see their remaining balances wiped out. In 2022, CEHE sued the Education Department, accusing it of forcing the company to close so students would qualify for debt relief. And in total, we have approved $116 billion in debt relief for over 3.4 million Americans," he continued.

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Persons: Joe Biden's, Richard Cordray, CEHE, Philip Weiser, –, Biden, we've Organizations: Education Department, Service, Joe Biden's Education Department, Center, Excellence, Higher, Aid, Colorado Attorney, Corinthian Colleges, CollegeAmerica Locations: Colorado, CollegeAmerica, Wall, Silicon, CollegeAmerica Colorado