More than 260,000 former students of the now-defunct for-profit Ashford University are getting their student loans erased as the Biden administration presses ahead with debt forgiveness in its final days.
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In a rare move, the department also sought to forbid Zovio’s founder from acting as an executive for any institution that receives federal financial aid. A statement from the agency said it’s proposing to debar Andrew Clark for at least three years because he “not only supervised the unlawful conduct, he personally participated in it, driving some of the worst aspects of the boiler-room-style recruiting culture.
Republicans in Congress have clashed with the Biden administration over student loan cancelation, saying it’s a presidential overstep that puts the burden on taxpayers who didn’t go to college. Rep. Virginia Foxx, R-N.C., issued a report this month saying Biden “tried to stretch every possible law” and abused the borrower defense program to cancel loans.
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