US EditionBiden admin cancels $37 million in student loans for some University of Phoenix students
- The Biden administration has announced the cancellation of nearly $37 million in student debt for over 1,200 students who attended the University of Phoenix, as part of its efforts to address the burden of student loans in the country.
- The relief is aimed at borrowers who applied for borrower defense discharges between September 2012 and December 2014 and provides much-needed financial relief for students who were misled or defrauded by the University of Phoenix.
- This cancellation is just a fraction of the broader efforts by the Biden administration, which has already canceled over $117 billion in student debt for 3.4 million borrowers, and has implemented measures to expand eligibility for loan forgiveness and simplify repayment plans.
12 Articles
12 Articles
Biden cancels $37 million in student loan debt for former University of Phoenix students
Washington (CNN) — The Biden administration is canceling nearly $37 million of federal student loan debt for more than 1,200 borrowers who attended the University of Phoenix because it found that the for-profit school misled students about job prospects. Taking a narrower approach to student debt forgiveness, the Biden administration has continued to cancel some borrowers’ debts under existing programs after the Supreme Court blocked its broad s…
Biden cancels $37 million in student loan debt for former University of Phoenix students
By Katie Lobosco, CNN Washington (CNN) — The Biden administration is canceling nearly $37 million of federal student loan debt for more than 1,200 borrowers who attended the University of Phoenix because it found that the for-profit school misled students about job prospects. Taking a narrower approach to student debt forgiveness, the Biden administration has continued to cancel some borrowers’ debts under existing programs after the Supreme Co…
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