Education Secretary Betsy DeVos will cancel $150 million in student debt after being forced to abandon efforts to block a rule that created protections for students whose for-profit college defrauded them or shut down. In October, a judge sided with attorneys general from 18 states and the District of Columbia who sued DeVos for delaying the Obama-era rule. The policy allows for students to automatically have their debt canceled without formally applying for the benefit.
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