Biden forgives $6.1 billion in debt for former Art Institutes students
Headline from Courthouse News Service
Officials said the school lied about its post-graduation employment rates, salaries and career services.
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The Biden administration said Wednesday that it has approved the cancellation of more than $6.1 billion in student loan debt held by 317,000 borrowers who previously attended The Art Institutes, a now-defunct network of for-profit colleges.
The White House announced that President Biden had ordered a write-off $6.1 billion in student debt for about 317,000 people who attended the Art Institutes.
President Joe Biden on Wednesday announced the approval of more than $6.1 billion in student loan debt relief for nearly 317,000 borrowers who were enrolled at any Art Institute campus from January 2004 until October 2017.
The Biden administration on Wednesday said it will cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed the last of its campuses in 2023 amid accusations of fraud.
The Biden administration will forgive $6.1 billion in debt held by 317,000 former students of the defunct for-profit chain the Art Institutes, marking one of the Education Department’s largest group discharges of federal student loans.
The Biden administration announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of The Art Institutes, the...
The Biden administration announced that more than 300,000 borrowers will receive $6.1 billion in automatic student loan forgiveness, plus other relief.
President Biden announced the relief for attendees of the now-shuttered art schools, saying they "falsified data, knowingly misled students, and cheated borrowers into taking on mountains of debt."
Washingotn (CNN) — The Biden administration said Wednesday that it has approved the cancellation of more than $6.1 billion in student loan debt held by 317,000
The Biden administration announced it will cancel $6 billion in student loans for students who attended the Art Institutes, a system of now-closed for-profit colleges that were the center of fraud.
