When the for-profit Art Institutes operated by Education Management Corp. shut down in the wake of fraud and illegal recruiting allegations, they left thousands of former students saddled with debts amassed in overpriced courses of study — until this week. On Wednesday, the Biden administration announced that it was canceling $6.
's tactics. Hernandez said he enrolled at the Art Institute of San Francisco in the summer of 2005, studying media arts and animation, hoping that one day he would work for a studio giant like Pixar or Nickelodeon. But tuition became expensive; within three years he saw it jump from $300 a month to $750.
sold or shuttered many of its campuses following the 2015 settlement. The final eight campuses were shut down last year.
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Art Institutes borrowers to get student debt cancellation, Biden saysThe president and Education Secretary Miguel Cardona described the Art Institutes as 'predatory' and said the new handouts would help students who were victims of their actions.
Source: FOX10Phoenix - 🏆 83. / 68 Read more »
Biden forgives more than $6 billion in loans for 317,000 Art Institutes studentsPresident Biden announced the relief for attendees of the now-shuttered art schools, saying they 'falsified data, knowingly misled students, and cheated borrowers into taking on mountains of debt.'
Source: KPBSnews - 🏆 240. / 63 Read more »
Biden forgives more than $6 billion in loans for 317,000 Art Institutes studentsPresident Biden announced the relief for attendees of the now-shuttered art schools, saying they 'falsified data, knowingly misled students, and cheated borrowers into taking on mountains of debt.'
Source: NPR - 🏆 96. / 63 Read more »
Biden to cancel $6B in student debt for borrowers misled by The Art InstitutesBorrowers who were enrolled at any Art Institute campus between January 1, 2004, and October 16, 2017, and have outstanding federal student loan debt will see it wiped away.
Source: abc13houston - 🏆 255. / 63 Read more »
Biden to cancel $6B in student debt for borrowers misled by The Art InstitutesBorrowers who were enrolled at any Art Institute campus between January 1, 2004, and October 16, 2017, and have outstanding federal student loan debt will see it wiped away.
Source: ABC7Chicago - 🏆 284. / 63 Read more »