The Department of Education is forgiving about $150 million in student debt belonging to some 15,000 borrowers, around half of them former attendees of the for-profit Corinthian Colleges chain, which went bankrupt in 2015. The agency announced the loan cancellation Thursday in response to a federal court order and began notifying affected students by email Friday. Education Secretary Betsy DeVos had sought to avoid implementing a set of Obama-era regulations which include an option of loan discharges for students whose schools have closed; a federal judge ruled against her plan.

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