It’s not large-scale student loan forgiveness, but it’s something: A small group of borrowers are set to have their outstanding debt canceled.
The group includes thousands of borrowers who attended Colorado-based locations of CollegeAmerica, a now-closed for-profit college that was run by an organization known as Center for Excellence in Higher Education (CEHE).
In all, 7,400 students who enrolled in CollegeAmerica’s Colorado campuses at some point between Jan. 1, 2006 and July 1, 2020 will receive $130 million in automatic debt relief. Any loan payments already made to the Education Department will also be refunded.
