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$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes
When the for-profit Art Institutes operated by Education Management Corp. shut down in the wake of fraud and illegal recruiting allegations, they left thousands of former students saddled with debts amassed in overpriced courses of study — until this week. On Wednesday, the Biden administration announced that it was canceling $6.1 billion in student loan debt for people enrolled at any Art Institute from January 2004 through October 2017 — 317,000 former students in all, nearly 42,000 of whom...
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Former Students of 'Predatory' Art Institutes Get $6.1 Billion in Loans Erased
The Dept. of Education is clearing $6 billion in student loan debt to former Art Institute students after investigations into the chain of art schools found they used doctored data to recruit.
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Biden Announces $6.1 Billion Student Loan Relief for Art Institute Attendees
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.