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  2. Biden cancels $6 billion in loan debt for Art Institute ... - AOL

    www.aol.com/biden-cancels-6-billion-loan...

    The Biden administration is erasing $6.1 billion in federal student debt for 317,000 former attendees of The Art Institutes, a defunct for-profit chain of art colleges, officials announced Wednesday.

  3. Former students of the for-profit Art Institutes are approved ...

    www.aol.com/news/former-students-profit-art...

    The Biden administration on Wednesday said it will cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed the last of its ...

  4. $6.1 billion in student loan debt canceled for enrollees at ...

    www.aol.com/news/6-1-billion-student-loan...

    People walk past the Art Institute of Philadelphia in 2015. The Biden administration on Wednesday said it will cancel $6 billion in student loans for people who attended the Art Institutes, a ...

  5. Education Management Corporation - Wikipedia

    en.wikipedia.org/wiki/Education_Management...

    As of 30 June 2018, it was announced that EMDC filed for Chapter 7 bankruptcy and began to liquidate its assets. [6] In 2022, the EDMC schools Argosy University, The Art Institutes, Brown Mackie College, and South University were among 153 institutions included in student loan cancellation due to alleged fraud.

  6. Economic policy of the Joe Biden administration - Wikipedia

    en.wikipedia.org/wiki/Economic_policy_of_the_Joe...

    In May 2024, the Biden administration announced that it would forgive $6.1 billion in student loan debt for 317,000 borrowers who attended The Art Institutes, a defunct for-profit university system of art schools, due to "pervasive and substantial" misrepresentations to prospective students about post-graduation employment rates, salaries, and ...

  7. The Art Institutes - Wikipedia

    en.wikipedia.org/wiki/The_Art_Institutes

    [16] [14] [17] The Art Institutes expanded through the acquisition of existing art colleges and the establishment of new Art Institutes. [18] In 2001, there were around 20 campuses of The Art Institutes; [ 14 ] this grew to approximately 30 locations in 2006 when the school's parent company was acquired by Goldman Sachs , Providence Equity ...

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