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Education Secretary Betsy DeVos. (Photo: Bloomberg)Student loan borrowers got good news when the Department of Education announced on Thursday it would cancel loans for 15,000 borrowers who were unable to graduate because their for-profit school had closed or they had withdrawn from school before the closure.
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The MBA forecast extends its life, but the forecaster says its time is nigh.
The MBA extends the life of the surge another six months.
Officials are also creating a $1 billion PPP fund for sole proprietors, independent contractors and self-employed people.
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