Biden forgives more than $6B in student debt for 317K defrauded borrowers
The Biden administration announced Wednesday it would be forgiving $6 billion in student debt for borrowers who attended the Arts Institutes.
The 317,000 borrowers will receive the relief after it was discovered the school “falsified data, knowingly misled students, and cheated borrowers into taking on mountains of debt without leading to promising career prospects at the end of their studies.”
The relief comes through the Borrower Defense program that allows those defrauded...
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