The Biden administration has chosen not to reinstate an Obama-era rule meant to prevent students from taking on too much debt to attend predatory for-profit colleges. Instead, it is undertaking a monthslong process to write a new version.
www.cnn.com
The Biden administration continues to fall short on student loan relief. And late last year, has allowed the Trump Administration's repeal of bans on federal student loans being used for predatory for profit schools while they write new rules that will take at least a year if not longer to go into effect if they ever even do go into effect.
The Biden Administration's focus also appears to be on preventing future student loan debt issues and not be resolving current ones.
Other than the 115,000 people defrauded by ITT Technical Institute, no other student loan debt has been forgiven. Instead the focus appears to be on not giving out future federal student loans based on gainful employment. Meaning, it only targets blocking federal student loans from being used on expensive predatory schools that don't yield high salary jobs able to pay back the student loans after graduation.