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Sollers will cancel $3.4 million in student debt for those who entered income-share agreements. The FTC said the school lied about job placement rates and employer partnerships. "Today's order cancels all income-share agreements issued by the school." This is not the first time a federal agency has raised red flags over income-share agreements. The Consumer Financial Protection Bureau recently sued career bootcamp Prehired, accusing it of misrepresenting the nature of its income-share agreements with students.
Persons: Sollers, , Joe Biden's, New Jersey —, Samuel Levine, Weill, Weill Cornell Medicine —, Aerotek, bootcamp Prehired, Prehired Organizations: FTC, Service, Federal Trade Commission, Sollers, Consumer, Sollers College, The Federal Trade Commission, Weill Cornell Medicine, Consumer Financial Protection Locations: New Jersey, FTC's, Sollers
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