The Biden administration is forgiving $4.5 billion in student debt for 261,000 borrowers who attended Ashford University. The forgiveness comes after the California Department of Education successfully sued the now-defunct for-profit institution for misleading students about costs and career outcomes. Borrowers who attended Ashford between March 1, 2009, and April 30, 2020, and qualify for the relief will have their loans canceled.
The Biden administration announced that it would forgive $4.5 billion in student debt for 261,000 borrowers who attended the now-defunct Ashford University.
Borrowers who qualify for the relief are those who studied at the for-profit, largely online institution between March 1, 2009, and April 30, 2020. The California Department of Justice secured a more than $20 million penalty against Zovio and Ashford in 2022, the Education Department said. "Numerous federal and state investigations have documented the deceptive recruiting tactics frequently used by Ashford University," said U.S. Under Secretary of Education James Kvaal in a statement.
STUDENT LOANS ASHFORD UNIVERSITY DEBT FORGIVENESS CONSUMER PROTECTION EDUCATION SCANDAL
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