White House says working to give relief to student loan borrowers

Jean-Pierre, White House Deputy Press Secretary, speaks with reporters outside the West Wing in Washington
FILE PHOTO: Karine Jean-Pierre, White House Deputy Press Secretary, speaks with reporters outside the West Wing in Washington, U.S., January 24, 2021. REUTERS/Erin Scott

March 19, 2021

ON BOARD AIR FORCE ONE (Reuters) – White House Principal Deputy Press Secretary Karine Jean-Pierre on Friday said the Biden administration was working to give full relief to student loan borrowers who have been taken advantage of.

The U.S. Department of Education on Thursday said it was scrapping a controversial formula, championed by former President Donald Trump’s administration, that granted only partial relief to student loan borrowers who were defrauded by for-profit colleges.

(Reporting by Jeff Mason; Additional reporting by Trevor Hunnicutt)