The Biden administration announced Wednesday it would be forgiving $6 billion in student debt for borrowers who attended the Art Institutes.
The 317,000 borrowers will receive the relief after it was discovered the school “falsified data, knowingly misled students, and cheated borrowers into taking on mountains of debt without leading to promising career prospects at the end of their studies.”
The relief comes through the Borrower Defense program that allows those defrauded by their schools to receive loan cancellation.
Among the infractions against the Art Institutes include falsely advertising that 80 percent of graduates found employment in their field within six months of graduation. The advertisements also included inflated salary data from graduates of the school.
In the announcement, Biden directly went after Trump, saying, “While my predecessor looked the other way when colleges defrauded students and borrowers, I promised to take this on directly to provide borrowers with the relief they need and deserve.”
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