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The Biden administration has forgiven $6.1 billion in student loan debt for people who attended the now-defunct, for-profit Art Institutes in the U.S.
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 ...
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 Wednesday.
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. In total, the Democratic administration says it has approved the cancellation of almost $160 billion in student loans through a variety of existing programs.
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. The department says it's taking action after reviewing evidence from the attorneys general of Massachusetts, Iowa and Pennsylvania, which previously investigated complaints of fraud and sued ...
The Art Institutes (AI) were a private for-profit system of art schools in the United States. [2] ... a median student loan debt ranging from $16,500 (Culinary Arts ...