Story at a glance Hundreds of post-secondary institutions close every year, leaving thousands of students from both for-profit and non-profit schools without a clear track to finishing their degrees. Sometimes when a college abruptly closes the U.S. Department of Education will automatically forgive student loans. But at other times borrowers will have to be more proactive to get their loans forgiven or reduced. Hundreds of post-secondary institutions close every year, leaving many of their students with questions over what to do about their student loans. Many of these students go on to continue their degrees by taking part in teach-out pla
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