Tag: Loan Cancellation
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Biden Administration to Cancel $6 Billion in Art Institutes Student Loans
Following accusations of fraud, the Biden administration announces loan cancellation for former Art Institutes students, including Justice Perez Sanders from Virginia Beach. Closure Amid Allegations The closure of the Art Institutes’ final eight campuses in 2023 left students and faculty blindsided, with accusations of fraudulent practices surfacing just before shutdown. Justice for Borrowers The Education…
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Biden Administration Announces $6 Billion Student Loan Cancellation for Art Institute Attendees
In a move aimed at rectifying alleged fraud and deception, the Biden administration has announced the cancellation of $6 billion in student loans for individuals who attended the Art Institutes, a network of for-profit colleges that ceased operations in 2023. This decision affects a significant number of former students, including approximately 3,500 individuals in Massachusetts.…