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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 the for-profit Art Institutes are approved for $6 billion in student loan cancellation
The Education Department said Wednesday it'll 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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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.