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Biden - 4 Joe Biden's - 3 Rob Bonta - 1 Bonta - 1 Harris - 1 Ashford - 1 Richard Cordray - 1 CEHE - 1
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Search resuls for: "CollegeAmerica"


4 mentions found


☆ 2,300 student-loan borrowers are getting $72 million in debt wiped out after being 'cheated' by their school, Biden's Education Department says
  + stars: | 2023-08-30 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +5 min
The Education Department announced $72 million in student-debt relief for 2,300 borrowers. On Wednesday, President Joe Biden's Education Department, along with California Attorney General Rob Bonta, announced it was canceling $72 million in student debt for 2,300 borrowers who it said were "cheated" by Ashford University, an online for-profit school based in San Diego. In 2022, a judge ruled that Ashford made 1.2 million misrepresentations to students and faced a civil penalty of $22.3 million. I want to thank the Biden-Harris Administration for changing the lives of thousands of former Ashford students today. Since Biden took office, his Education Department has taken a number of steps to provide debt relief to targeted groups.
Persons: Joe Biden's, Rob Bonta, Bonta, Harris, Ashford, Biden Organizations: Education Department, Ashford University, Service, Joe Biden's Education Department, California Department of Justice, Ashford, Biden, Harris Administration, Department Locations: Wall, Silicon, California, San Diego, Ashford, Zovio, Colorado, CollegeAmerica
☆ 7,400 student-loan borrowers hurt by a school's 'widespread misconduct' are getting $130 million in debt wiped out, Biden's Education Department says
  + stars: | 2023-07-25 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +5 min
The Education Department announced it will be wiping out $130 million in student debt for 7,400 borrowers. On Tuesday, the Education Department announced it will deliver $130 million in debt cancellation to 7,400 students who were enrolled at Colorado-based locations of CollegeAmerica between January 1, 2006 and July 1, 2020. The department said it will begin notifying borrowers eligible for relief in August, after which those borrowers will see their remaining balances wiped out. In 2022, CEHE sued the Education Department, accusing it of forcing the company to close so students would qualify for debt relief. And in total, we have approved $116 billion in debt relief for over 3.4 million Americans," he continued.
Persons: Joe Biden's, Richard Cordray, CEHE, Philip Weiser, –, Biden, we've Organizations: Education Department, Service, Joe Biden's Education Department, Center, Excellence, Higher, Aid, Colorado Attorney, Corinthian Colleges, CollegeAmerica Locations: Colorado, CollegeAmerica, Wall, Silicon, CollegeAmerica Colorado
☆ Biden administration erases $130 million in student loans for 7,400 borrowers
  + stars: | 2023-07-25 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +1 min
The White House on Tuesday forgave $130 million in student debt for 7,400 borrowers who attended CollegeAmerica, a now-defunct institution in Colorado that officials said misled borrowers about their loans and career prospects. He had petitioned the Biden administration last year to erase CollegeAmerica student debt. More from Personal Finance:Is Biden's $39 billion student loan forgiveness action legal? When student debt payments restart, your loan type will make a big differenceCan employers be a firewall for student loan borrowers? The White House has approved $14.7 billion in debt relief for 1.1 million student loan borrowers "whose colleges took advantage of them or closed abruptly," like those at CollegeAmerica, Biden said.
Persons: CollegeAmerica, Joe Biden, Phil Weiser, Biden, Weiser Organizations: Finance, U.S . Department of Education, Center, Excellence, Higher, Corinthian Colleges, DeVry University Locations: Colorado, CollegeAmerica
☆ Biden cancels debt for students who attended defunct Colorado college
  + stars: | 2023-07-25 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, July 25 (Reuters) - U.S. President Joe Biden's administration will cancel $130 million in debt for 7,400 student borrowers who enrolled at the now-defunct CollegeAmerica in Colorado from 2006 through July 1, 2020, the Education Department said. Biden said in a statement that borrowers at CollegeAmerica "were lied to, ripped off, and saddled with mountains of debt." He said his administration has approved $14.7 billion in relief for 1.1 million borrowers "whose colleges took advantage of them or closed abruptly". Biden has made addressing mounting U.S. student debt a top priority since taking office in January 2021, including by pursuing a plan to provide $430 billion in loan relief. Reporting by Rami Ayyub; Editing by Chris Reese and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden's, Biden, Rami Ayyub, Chris Reese, Jonathan Oatis Organizations: Education Department, Thomson Locations: Colorado
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