Biden Administration’s Plan for Affordable Education and Protection

Biden Administration Erases $6.1 Billion in Student Debt for Art Institute Graduates Due to Misleading Job Promises

Education Department Forgives Loans for 317,000 Art Institute Students Over Exaggerated Job Prospects

According to Kansas City, The Biden administration is helping former students of The Art Institutes by erasing $6.1 billion in student debt. This is because these students were misled about their job prospects and salaries after graduation. The Education Department found that the Art Institutes exaggerated how many students got jobs in their field of study and how much they earned. Now the government is forgiving the debt of 317,000 former Art Institute students who attended between 2004 and 2017.

The Education Department will contact eligible borrowers and stop their loan payments. They will also give back any money these borrowers have already paid. The Art Institutes had campuses all over the country, but many have closed. The Department found that the Art Institutes were not giving students the support they needed to find good jobs after graduation. This left many students with a lot of debt and few job opportunities.

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Biden Administration’s Plan for Affordable Education and Protection (PHOTO: National College)

Biden Administration’s Holistic Support for Art Institute Graduates Beyond Debt Forgiveness

The Biden administration is doing more than just erasing student debt for Art Institute graduates. They’re also helping these students with other problems caused by the misleading information from the Art Institutes. The Education Department will reach out to eligible borrowers to explain how their loans will be forgiven and offer support if they’re facing financial difficulties. The government is also working with state and local officials to make sure schools are honest about job prospects in the future. This way they hope to not only fix the immediate problems but also prevent similar issues from happening again.

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