US Edition$4.5 billion in loan debt owed by former Ashford University students wiped from books
- The U.S. Department of Education has discharged $4.5 billion in loans for 261,000 former students of Ashford University, as announced on Wednesday.
- The discharge responds to a California Department of Justice request that identified widespread misrepresentations by Ashford about costs and degree legitimacy.
- Ashford University's deceptive recruiting tactics led to only 10% of students graduating, leaving many with significant debt and no job prospects.
- The founder of Zovio, which owned Ashford, faces a proposed three-year debarment from federal student aid programs due to his involvement in these practices.
12 Articles
12 Articles
$4.5 billion in loan debt owed by former Ashford University students wiped from books
The Biden-Harris Administration has announced a group discharge for 261,000 borrowers with loans from Ashford University. Largely an online institution, Ashford had a campus in Clinton, Iowa, that was formerly the home of Mount St. Clare College.
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Biden’s Education Department Announces $4.5 Billion in Student Loan Forgiveness for Over 200,000 Borrowers
The U.S. Department of Education has announced the forgiveness of $4.5 billion in student loans for more than 200,000 borrowers, specifically targeting those who attended Ashford University. This move is part of the Biden administration’s broader effort to alleviate the burden of student debt for Americans. The relief applies to students who were enrolled at Ashford University, now known as the University of Arizona Global Campus, from March 200…
Biden Admin Discharges Another $4.5 Billion in Student Loan Debts for 261,000 Borrowers
The U.S. Department of Education on Jan. 15 said it has approved a discharge of $4.5 billion in federal student loans owed by former students of a for-profit university, citing evidence of “deceptive” practices at the institution. The relief applies to 261,000 borrowers who attended Ashford University from March 1, 2009, through April 30, 2020. Eligible borrowers will receive email notifications in the coming days and will not need to take addit…
Education Department Forgives $4.5 Billion in Student Loans for over 200,000 Borrowers - The Pennsylvania Daily Star
The Department of Education (DOE) on Wednesday announced the forgiveness of another $4.5 billion in student loans for over 200,000 borrowers at Ashford University, in one of the department's final moves of the Biden administration.
Education Department Forgives $4.5 Billion in Student Loans for over 200,000 Borrowers | The Star News Network
by Misty Severi The Department of Education (DOE) on Wednesday announced the forgiveness of another $4.5 billion in student loans for over 200,000 borrowers at Ashford University, in one of the department’s final moves of the Biden administration. President Joe Biden and his administration have attempted to clear out a massive amount of student loan debt for Americans who are still paying off their loans after 20 years, though some efforts hav…
A few days after leaving the White House, the Biden Administration announced the elimination of student debt for 261,000 people, which implies some $4.5 billion forgiven. The announcement adds to the series of last-minute measures implemented by Joe Biden before leaving office, the removal of Cuba from the list of countries sponsoring terrorism, among other things. Read more]]>
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