"Today, my Administration is approving $6.1 billion in student debt cancellation for 317,000 borrowers who attended the Art Institutes," President Biden said Wednesday.
In the statement, the president and Education Secretary Miguel Cardona described the Art Institutes as "predatory" and said the new handouts would help students who were victims of their actions.
"This
institution falsified data, knowingly misled students, and cheated
borrowers into taking on mountains of debt without leading to promising
career prospects at the end of their studies," Biden said. Read more and see video here.


