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“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” says U.S. Secretary of Education Miguel Cardona in a statement.
Source: https://newsone.com/4641983/biden-administration-student-debt-forgiveness-update/
Former Secretary of Education Betsy DeVos reportedly gave Holmes $100m while the Theranos founder has been ordered to pay back media mogul Rupert Murdoch $125m, according to court documents.
Source: https://www.bbc.co.uk/news/world-us-canada-65678967?at_medium=RSS&at_campaign=KARANGA
“That won’t entirely solve the shortages school districts are experiencing now, but if we can knock that number down by a third, that is definitely significant,” said Joseph Graves, Secretary of Education.
The deal also prohibits the Secretary of Education from using any authority to extend the pause unless “expressly authorized” by Congress.