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
The Education Department announced the action Wednesday, saying it will seek to recoup the money from the University of Arizona. The university did not immediately provide a comment.
President Joe Biden said his administration “won’t stand for colleges taking advantage of hardworking students and borrowers.” California Attorney General Rob Bonta encouraged other former Ashford students to apply for relief if they were deceived. Recruiters also told potential students they would never face out-of-pocket costs, which wasn’t always true, and they boasted about “accelerated” programs, even though the bachelor’s degree programs were structured to take five years to finish, the suit said.The court ruled in favor of California in 2022 after an 18-day trial and imposed a civil penalty of $22.3 million against Ashford. The penalty is being appealed.
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