DOE complies with order to forgive $150 million in loans for students of for-profit colleges – Bankrate.com

SAUL LOEB / Getty Images The Department of Education (DOE), complying with a federal judges ruling,announced a massive victory for students victimized by now-closed for-profit colleges: their loans will be canceled. Around 15,000 students will have an estimated $150 million in debt erased. The students granted forgiveness are those who were attended for-profit schools that…