Obama Administration Puts New Rules in Place to Help Erase Student Loans

The Obama administration is issuing new rules meant to help students get their federal loans erased.

FOX’s Jon Decker has more from the White House:

The new rules apply in cases where there’s been fraud and misconduct by their schools. That’s in response to thousands of claims from former students of the Corinthian Colleges chain, which closed or sold all of its campuses last year amid allegations of fraud.

The rules set forth by the Department of Education ban schools from forcing students to sign agreements saying they won’t sue over misconduct.

Students must meet certain conditions in order to have their student loans erased.

At the White House, Jon Decker, FOX News.