Students who were defrauded by their colleges and received only partial relief from their federal loans could now see them fully canceled, the Biden administration announced Thursday, reversing a Trump administration policy.

Tens of thousands of borrowers who attended for-profit schools like Corinthian Colleges and ITT Technical Institute that defrauded students will have their student loan debts eliminated after the Education Department rescinded some changes made during the Trump administration that gutted a relief program.

Borrowers who were scammed by their schools but who only received partial relief from their student-loan debt under the Betsy DeVos-era Department of Education will have their loans fully discharged — a move that will result in an estimated $1 billion in debt relief, the DOE announced Thursday.

The Education Department (ED) has thrown out a Trump-era rule that limited debt relief for 72,000 borrowers who had graduated from fraudulent for-profit colleges.

The Biden administration will scrap standards issued by former Education Secretary Betsy DeVos that granted only partial loan forgiveness to defrauded student borrowers.

About 72,000 people will have their federal loans fully canceled after Education Secretary Miguel Cardona on Thursday scrapped a plan to give partial debt relief to students defrauded by their colleges, ending a controversial policy instituted by his predecessor Betsy DeVos.

The U.S. Department of Education announced Thursday it is scrapping a controversial formula, championed by former Education Secretary Betsy DeVos, that granted only partial student loan relief to borrowers who were defrauded by private, for-profit colleges.

The U.S. Department of Education announced on Thursday that tens of thousands of student loan borrowers who were defrauded by their schools will receive student loan forgiveness that could total $1 billion.