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Education Secretary Miguel Cardona speaks in December 2020. Photo: Joshua Roberts/Getty Images

The Biden administration has canceled $55.6 million in student loan debt for victims of a for-profit college fraud, the Department of Education announced Friday.

Why it matters: The Department of Education said it canceled the loan payments for 1,800 borrowers who attended Westwood College, Marinello Schools of Beauty and the Court Reporting Institute.

  • The Biden administration has canceled $1.5 billion in debt for nearly 92,000 borrowers who claim they were defrauded, including students from ITT Technical Institute and Corinthian Colleges. 

The big picture: A majority of the debt, $53 million, will go toward borrowers who attended Westwood College, which closed in 2015. Another $2.2 million from 200 complaints will go toward students from Marinello and $340,000 in debt was forgiven for 18 borrowers from the Court Reporting Institute.

  • The debt is being forgiven under the Borrower Defense to Repayment, a policy that allows students who were defrauded by their college to seek debt relief.

What they're saying: Education Secretary Miguel Cardona said in a statement that the department will “continue doing its part to review and approve borrower defense claims quickly and fairly so that borrowers receive the relief that they need and deserve.”

  • “We also hope these approvals serve as a warning to any institution engaging in similar conduct that this type of misrepresentation is unacceptable,” Cardona said.

Go deeper

44 mins ago - World

Biden: U.S. combat mission in Iraq will end this year

Biden returning to the White House on July 25. Photo: Samuel Corum/Getty Images

The United States' combat mission against the Islamic State in Iraq will be completed "by the end of the year," President Biden said Monday prior to a meeting with Iraqi Prime Minister Mustafa al-Kadhimi.

Why it matters: Biden is close to shifting the U.S. military mission in Iraq to a fully advisory role more than 18 years after combat troops were sent to the country under the former President George W. Bush.

How extreme weather feeds inflation

Illustration: Annelise Capossela/Axios

This summer's extreme weather is having ripple effects that could raise food prices in the U.S. and disrupt diets around the world.

Why it matters: Climate scientists and food supply experts, like those at the Food and Agriculture Organization (FAO) in Rome, have long warned about the impact of human-caused global warming on prices, food shortages and hunger.

EA Sports is in expansion mode

EA Sports general manager Daryl Holt (left). Photo illustration: Annelise Capossela/Axios. Photos: EA Sports

The biggest player in sports video games has plans to get even bigger — on mobile, in football, maybe even with basketball again — EA Sports general manager Daryl Holt said in an exclusive interview with Axios.

Why it matters: Sports gaming doesn’t get much press, but it’s a surging market with increased competition and lots of players up for grabs.