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The former Ashford University received approximately 95% of its money from the US federal government, including $41 million from military tuition assistance and $26 million from GI Bill funds. [70] Ashford University partnered with more than 100 companies to offer tuition discounts and a limited number of full-tuition grants.
In 2023–2024, weighted average list price for annual tuition and fees at a four-year public university (for residents of the state) was $11,260. [7] Tuition for public school students from outside the state is generally comparable to private school prices, although students can often qualify for state residency after their first year.
WASHINGTON (AP) — More than 260,000 former students of the now-defunct for-profit Ashford University are getting their student loans erased as the Biden administration presses ahead with debt forgiveness in its final days. Ashford was once one of the nation’s largest for-profit college companies, with more than 100,000 students.
The Biden administration forgave the loans of 260,000 students of Ashford University. AP In 2023 the agency canceled loans for an initial 2,300 former Ashford students who applied for relief ...
Due to popular demand, the cost of higher education has grown at a rate faster than inflation between the late 20th and early 21st centuries. [81] Student housing costs have risen faster than even tuition fees. [82] From the 1990s to the 2010s, tuition and fees jumped 440%, as federal loans for students became more generous. [23]
The Biden administration is canceling $72 million in student loans for 2,300 borrowers who say they were cheated by Ashford University, a former for-profit college that was purchased by the ...
For example, Princeton University had a sticker price of $57,410 for tuition and fees in the 2022-2023 school year, but the average cost per student receiving needs-based grants was only $17,464.
In 2019, the Internal Revenue Service granted Ashford University tax-exempt status. Ashford University was the major source of revenue for Bridgepoint Education, now known as Zovio. [180] In 2020, University of Arizona announced an agreement to purchase Ashford University and rename it University of Arizona Global Campus. [181]