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Civil Plaintiff

$6 Billion in Student Loan Debt Is Wiped Out in a New Settlement

An estimated 200,000 defrauded former college students are set to have $6 billion in federal loan debt wiped clean as part of a proposed settlement agreement filed June 23 in federal court.

Borrowers in the proposed settlement attended one of over 150 schools that the U.S. Department of Education has determined engaged in misconduct, including:

  • The Art Institute

  • Le Cordon Bleu

  • ITT Tech

  • DeVry University

  • Keiser University

  • University of Phoenix

  • Westwood College

Nearly all the schools involved are for-profit colleges or vocational programs.

Read the source article at aol.com

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