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New Federal Rules Could Make it Easier to Have Student Loans Forgiven

The collapse of for-profit giant Corinthian Colleges, a chain felled by charges of fraud and predatory lending, left students fighting to have their federal loans discharged under a little-known law meant for people just like them. But instead of a clear path to debt relief, many found themselves in an overwhelmly complex process.

New rules the Obama administration finalized Friday aim to change the system, but consumer advocates worry that people already contending with the existing process still face an uphill battle.