The Biden administration is canceling $72 million in student loans for 2,300 borrowers who say they were cheated by Ashford University, a former for-profit college that was purchased by the University of Arizona in 2020.
That lawsuit, brough by the state of California, was the basis of the Education Department’s cancellation.
The action will automatically discharge loans for 2,300 borrowers who attended Ashford from March 2009 through April 2020 and applied for cancellation through the Education Department’s borrower defense program. Those borrowers will see their loan balances zeroed out, and they will be refunded for payments on their federal loans.
Under its previous ownership, Ashford’s recruiters told students they would be able to work as teachers, social workers, nurses and drug and alcohol counselors, but the school never got accreditation for those professions, according to California’s lawsuit.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden administration cancels $72 million in student debt for more than 2,300 borrowersThe Biden administration announced on Wednesday it would forgive $72 million in student debt for more than 2,300 borrowers who attended Ashford University.
Read more »
Hunter Biden investigation: Business boomed after Joe Biden attended two key dinnersAfter then-Vice President Joe Biden attended one dinner in April 2015 with Hunter Biden and his foreign business associates from Ukraine and Kazakhstan, business between those two countries appeared to flourish.
Read more »
Biden investigation: Republicans request Air Force Two records from Biden's time as vice presidentHouse Oversight Committee Chairman James Comer (R-KY) and Rep. Byron Donalds (R-FL), a member of the committee, wrote a letter to the National Archives and Records Administration requesting unrestricted access to Air Force Two records from when Joe Biden was vice president.
Read more »
House GOP chairmen demand DOJ documents related to Hunter Biden special counsel appointment“The department under your leadership has been attempting to circumvent the rule of law in favor of Hunter Biden, President Biden, and the Biden family,” the Republicans wrote to AG Gar…
Read more »
Series: Challenging the Corporate UniversityHow can we move forward toward a more equitable and liberatory era in higher education?
Read more »
Police search for suspected shooter at University of North Carolina; students warned to stay insideAbout 90 minutes after the school’s first alert went out, it warned on X (formerly known as Twitter) that the “suspect” was still “at large.”
Read more »