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The Education Department will automatically erase loans for 317,000 people who attended any Art Institute campus between Jan. 1, 2004, and Oct. 16, 2017.
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The Biden administration is erasing $6.1 billion in federal student debt for 317,000 former attendees of The Art Institutes, a defunct for-profit chain of art colleges, officials announced ...
The Art Institutes system was created in 1969 when Education Management Corporation (EDMC) acquired The Art Institute of Pittsburgh, [12] [13] [14] which was founded in 1921. [15]
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EDMC owned the college from 2000 until 2017, when, facing significant financial problems and declining enrollment, the company sold the Art Institute of California – San Diego, along with 30 other Art Institute schools, to Dream Center Education, a Los Angeles–based Pentecostal organization.
The Art Institute of Jacksonville was a for-profit institution of higher education in Jacksonville, Florida, and one of The Art Institutes, a corporate system of over 40 educational institutions throughout North America, providing education in design, media arts, fashion and culinary arts.
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