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☆ Over a dozen GOP states seeking to block student-loan forgiveness through Biden's SAVE repayment plan may have been set back by a separate court ruling
▼ + stars: | 2024-05-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLawsuits to block some of President Joe Biden's targeted student-debt relief efforts are simmering — and a court ruling might have signaled how one case will fare. "Plaintiffs have not alleged that any of their employees have stopped seeking PSLF forgiveness because of the adjustment," the court's decision said. In March, 11 GOP state attorneys general filed a lawsuit to block the SAVE income-driven repayment plan, which the Education Department implemented last summer to give borrowers more affordable monthly payments. Economic assumptions alone were not enough for the Sixth Circuit, nor, for that matter, for the Supreme Court," the Education Department wrote in its legal filing.

Persons: —, Joe Biden's, Circuit wasn't Organizations: Service, New Civil Liberties Alliance, Cato Institute and Mackinac Center for Public, Business, Public, Sixth, Circuit, Education Department, SAVE, Biden's Education Department, Sixth Circuit, Supreme Locations: PSLF

☆ A key phase in Biden's new student-loan forgiveness plan has wrapped up, bringing borrowers one step closer to relief. But pushback is brewing.
▼ + stars: | 2024-05-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Read previewRachel, a Pennsylvania student-loan borrower, wants President Joe Biden's new debt cancellation plan to be implemented — and she wants the relief to be as broad as possible. AdvertisementRachel is among the millions of federal student-loan borrowers contending with monthly bills again amid an uncertain time for relief. Biden's Education Department is working to implement a new debt relief plan after the Supreme Court struck down its first plan last summer. "I will never stop working to cancel student debt — no matter how many times Republican elected officials try to stop us." Where the challenges standThe administration is required to adhere to the negotiated rulemaking process to implement this new student-loan forgiveness plan.

Persons: —, Rachel, Joe Biden's, cancelation, Biden, Donald Trump, Cary Coglianese, it's Organizations: Service, Federal, Business, Biden's, Public, Education Department, Republican, Department, Biden, Higher, University of Pennsylvania Locations: Pennsylvania

☆ Your student loan payment could get cut in half this summer—here's what to know
▼ + stars: | 2024-05-24 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

The Saving on a Valuable Education plan is the newest income-driven repayment plan available to federal student loan borrowers, and this summer it's getting even more affordable. Currently, monthly payments on the SAVE plan are calculated as 10% of borrowers' discretionary income. Borrowers who stay on the SAVE plan can have their remaining balances forgiven in as little as 10 years of repayments. All federal student loan borrowers with direct loans are eligible to apply for the SAVE plan through their loan servicer. You can also use Federal Student Aid's loan simulator tool to see if it's the right repayment plan for you.

Organizations: Department of Health, Human Services, SAVE, Education, CNBC

☆ Interest on Federal Student Loans Is Rising to 6.53%
▼ + stars: | 2024-05-24 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

The interest rate on new federal student loans for undergraduates will be 6.53 percent as of July 1, up from 5.5 percent this year, the Education Department announced last week. And rates on PLUS loans — extra financing available to parents of undergraduate students as well as to graduate students — will increase to 9.08 percent. The yield at the May 8 auction was 4.483 percent, plus an added 2.05 percent for undergraduate loans. (The yield last year in the Treasury auction was 3.448. Add-on rates are higher for graduate and PLUS loans.)

Organizations: Education Department, Congress, Treasury

☆ Elizabeth Warren wants more student loan borrowers to know bankruptcy is easier now
▼ + stars: | 2024-05-23 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Julia Nikhinson | ReutersDischarging student debt in bankruptcy is now easierThe new guidance has already led to changes. In the first 10 months of the Biden administration's more lenient process, student borrowers filed more than 630 bankruptcy cases, a "significant increase" from recent years, it reported last year. Many borrowers are 'not aware' of changesYet Warren says more work still needs to be done. "More than 43 million borrowers in the United States carry a total of $1.6 trillion in student loan debt, and more than 2 million borrowers have been repaying those loans for at least 20 years," Warren and Whitehouse wrote. "DOJ and ED must work harder to encourage borrowers to seek relief — and deliver on that relief when requested," they added.

Persons: Elizabeth Warren, Julia Nikhinson, Biden, I've, Neu, Warren, Whitehouse Organizations: Intelligence, U.S, Capitol, CNBC, DOJ, The, of Justice and Education Department Locations: Washington, Seattle, United States

☆ 160,500 more student-loan borrowers are getting $7.7 billion in 'much needed' debt cancellation
▼ + stars: | 2024-05-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Read previewAnother batch of student-loan borrowers has been approved for debt relief. On Wednesday, President Joe Biden's Education Department announced that it approved $7.7 billion in debt cancellation for 160,500 borrowers on Public Service Loan Forgiveness — which forgives student debt for government and nonprofit workers after 10 years of qualifying payments — or income-driven repayment plans. Specifically, according to the announcement, 66,900 borrowers are receiving relief through fixes to PSLF, 54,300 borrowers are receiving relief through the SAVE income-driven repayment plan, and 39,200 borrowers are receiving relief through one-time account adjustments to bring payments on income-driven repayment plans up to date. This provision forgives student debt for borrowers who originally took out $12,000 or less in student loans and made as few as 10 years of payments. "I will never stop working to cancel student debt — no matter how many times Republican elected officials try to stop us."

Persons: —, Joe Biden's, Harris, Education James Kvaal, There's, Biden Organizations: Service, Joe Biden's Education Department, Public, Business, Education Department, Biden, Harris Administration, Education, Republican

☆ Biden Administration Cancels Another $7.7 Billion in Student Loans
▼ + stars: | 2024-05-22 | by ( Zach Montague | ) www.nytimes.com time to read: +1 min

President Biden announced on Wednesday the cancellation of $7.7 billion in student loans held by 160,000 borrowers, building on his strategy of chipping away at college debt by tweaking existing programs as his administration pursues a larger forgiveness plan. Many borrowers in this round — who qualified through public service loan forgiveness, the president’s SAVE plan or another income-driven repayment plan — have already begun receiving emails notifying them of their approvals, the Education Department said in a statement. The steady drumbeat of loan forgiveness announcements from the White House this year has become a centerpiece of Mr. Biden’s re-election pitch, in which he has consistently described overcoming the cost of education as a primary hurdle for working families. “From Day 1 of my administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” the president said in a statement.

Persons: Biden, Biden’s Organizations: Education Department

☆ As student loan forgiveness nears $160 billion, here's what to know about the relief programs
▼ + stars: | 2024-05-20 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden announces student loan relief with Education Secretary Miguel Cardona (R) on August 24, 2022 in the Roosevelt Room of the White House in Washington, DC. Olivier Douliery | AFP | Getty ImagesThe Biden administration fixes to the country's $1.6 trillion student loan system have resulted in regular announcements to forgive large shares of that debt. In total, the U.S. Department of Education has canceled almost $160 billion in federal student loan debt for nearly 4.6 million borrowers while President Joe Biden has been in office. Here what to know about the aid programs that have led to that relief. Income-driven repayment plansPublic Service Loan ForgivenessNavigating the Public Service Loan Forgiveness program has been famously difficult.

Persons: Joe Biden, Education Secretary Miguel Cardona, Olivier Douliery, Biden, George W, Bush, Federal Perkins Organizations: Education Secretary, White, AFP, Getty, U.S . Department of Education, Public, Consumer Financial, Family Education, Federal, Federal Perkins Loans, Education Department Locations: Washington ,

☆ N.Y.C. Parents Rebuked for Questioning Transgender Student-Athlete Rules
▼ + stars: | 2024-05-20 | by ( Troy Closson | ) www.nytimes.com time to read: +1 min

This spring, a group of elected parent leaders in New York asked the city to review education department rules allowing transgender students to play on sports teams that align with their gender identity. The parent council — representing the diverse local District 2 that weaves through the West Village, Hell’s Kitchen and the Upper East Side — said that the current policies present “challenges to youth athletes and coaches” and fail to consider the “well-being of girls.”The schools chancellor, David C. Banks, called the proposal “despicable” and “no way in line with our values.”Democratic officials also have responded to the parent council swiftly, and angrily. In a letter made public on Monday, a coalition of 18 Democratic elected officials from New York called the proposal “hateful, discriminatory and actively harmful” to the city’s children. As officials in more conservative jurisdictions move to bar or restrict transgender athletes from competing, the resolution and ensuing backlash in New York illustrate how charged the issue is in one of the most heavily Democratic cities in the country.

Persons: ”, David C, Banks Organizations: Democratic Locations: New York

☆ Free Preschool With One Catch: It May Be a Long Commute Away
▼ + stars: | 2024-05-17 | by ( Troy Closson | ) www.nytimes.com time to read: +1 min

New York City once sold a promise of free prekindergarten for all as an unusual benefit designed to make it far easier to raise children in this expensive city. So as families worried over whether their 3-year-olds would have spots this fall, Mayor Eric Adams pledged last month that everyone would have “access” to a seat. Every 4-year-old in New York is guaranteed a free preschool seat, and 3-year-olds were next in line for a universal program. On Thursday, about 2,500 children did not receive a prekindergarten offer, leaving their parents in limbo. Many are still on huge waiting lists and scrambling to rethink their finances and future in the city.

Persons: Eric Adams, Adams Organizations: Education Department Locations: York City, New York

☆ Refinancing student debt is risky amid Biden forgiveness push. Borrowers 'forever lose access' to safety nets, advocates say
▼ + stars: | 2024-05-16 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

(For example, federal student loan borrowers can pause their payments if they become unemployed, return to school or get cancer.) But advocates have fresh warnings now as the Biden administration reforms the federal student loan system. Millions more federal student loan borrowers could receive debt forgiveness in the coming months if Biden's revised relief package survives legal challenges this time. PSLF allows certain not-for-profit and government employees to have their federal student loans cleared after 10 years of on-time payments. (The rates on federal student loans for the 2024-2025 academic year will range from roughly 6.5% to 9%.)

Persons: Biden, Joe Biden, Biden's, who've, PSLF, I've, they'd refinanced, —, Yu, Mark Kantrowitz, Kantrowitz Organizations: U.S . Department of Education, Education Department, Public, Art Institute, Art, Education Management Corp, Valuable Education Locations: Mayotte, Iowa , Massachusetts, Pennsylvania

☆ Student-loan borrowers just got 2 extra months to benefit from a temporary debt relief reform
▼ + stars: | 2024-05-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Read previewPresident Joe Biden's Education Department is giving student-loan borrowers more time to get closer to debt cancellation. On Wednesday, the Education Department announced that it's extending the deadline for borrowers to benefit from the one-time account adjustments. To receive the account adjustment automatically, borrowers must be in the federal direct loan program or have federally held loans in the Federal Family Education Loan program. "FFEL borrowers should consolidate as soon as possible in order to receive this benefit that has already provided forgiveness to nearly 1 million borrowers." Since the adjustments began, according to the department, 996,000 borrowers have received $49.2 billion in debt relief.

Persons: —, Joe Biden's, Education James Kvaal Organizations: Service, Joe Biden's Education, Education Department, Public, Business, Family Education, Education, Federal, Aid Locations: PSLF

☆ Education Department Extends Deadline to Consolidate Loans for Forgiveness
▼ + stars: | 2024-05-15 | by ( Stacy Cowley | More About Stacy Cowley | ) www.nytimes.com time to read: +1 min

More than two weeks after a deadline passed for federal loan borrowers seeking debt relief, the Education Department has extended the offer, giving millions of borrowers a fresh shot at aid. The department said on Wednesday that borrowers would now have until June 30 to consolidate commercially held education debt under the Federal Family Education Loan Program — loans originally from private lenders — or Perkins loans into new direct loans, which are held by the Education Department. “The department is working swiftly to ensure borrowers get credit for every month they’ve rightfully earned toward forgiveness,” said James Kvaal, the under secretary of education. The move is part of the Biden administration’s effort to aggressively cancel education debts through longstanding relief programs and by easing bureaucratic barriers. One of the trickiest challenges has been reaching borrowers with loans through the Federal Family Education Loan Program, a lingering vestige of a previous federal student loan system.

Persons: ”, James Kvaal, Biden Organizations: Education Department, Federal Family Education, Federal Family Education Loan Program

☆ A Pause for the Public Service Loan Forgiveness Program
▼ + stars: | 2024-05-10 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

The Education Department has paused the processing of applications for student loan forgiveness by borrowers who work in public service jobs for about two months as it updates its systems and seeks to fix the problems plaguing its forgiveness program. The pause for the Public Service Loan Forgiveness program began May 1, the department’s Office of Federal Student Aid said. Borrowers can still submit applications and all other forms, like those documenting their eligibility, but they won’t be processed until the pause ends in July, the office said. In a recent blog post, it called the changes “an exciting and necessary step” that would lead to faster reviews of applications. During and after the pause, the 2.2 million borrowers working toward loan forgiveness in the public service program will continue to make loan payments on their assigned loan servicer’s website, the department said.

Organizations: Department, Public, Federal Student Aid, Education Department

☆ Key student-debt relief programs are at risk if Congress doesn't boost Education Department funding, 25 Democratic lawmakers say
▼ + stars: | 2024-05-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. Elizabeth Warren led a group of Democrats in pushing for increased Federal Student Aid funding. AdvertisementA group of Democratic lawmakers is pointing to one key thing that will help student-loan borrowers and families navigate financial aid: more funding. Advertisement"FSA's responsibilities have increased to protect students and borrowers, but its federal funding has remained stagnant," they wrote. AdvertisementWhen it comes to the FAFSA, both Republican and Democratic lawmakers have been highly critical of the way the Education Department has facilitated the rollout. The Education Department is also in the process of crafting its broader student-debt relief plan, which is currently in the public comment period.

Persons: Sen, Elizabeth Warren, —, Massachusetts Sen, Tammy Baldwin, Shelley Moore Capito, Joe Biden's, Biden, Secretary Miguel Cardona, Cardona Organizations: Federal Student Aid, Service, Democratic, Massachusetts, Sens, Republicans, Business, Education Department, Public, Republican, Secretary

☆ New York Public Schools chancellor scolds Republicans for ‘gotcha’ antisemitism hearing, saying district disciplined staff
▼ + stars: | 2024-05-08 | by ( Matt Egan | ) edition.cnn.com time to read: +9 min

The department is also investigating whether the Berkeley district retaliated against two parents who complained about harassment based on Jewish ancestry. CNN has reached out to the school district for a comment. However, that list does not currently include the Berkeley school district. “However, antisemitism is not pervasive in the Berkeley Unified School District,” she said. Ford Morthel noted that the district does not share actions the school district takes against students or teachers because this information is protected under federal and state law.

Persons: David Banks, ” Banks, Banks, ”, Columbia’s, “, George Washington, Muriel Bowser, Pam Smith, Elise Stefanik tussled, Stefanik, ” Stefanik, Brandon Williams, ” Williams, …, ” Enikia Ford Morthel, ” Ford Morthel, Ford Morthel Organizations: CNN, New, New York City Public Schools, Jewish, “, Secondary, York City Public Schools, New York City Police Department, Ivy League, Harvard University, University of Pennsylvania, Republicans, George Washington University’s, Washington, DC Metropolitan Police, Queens, Hillcrest High School, New York Republican, ” New York Republican, Jews High School, High School, US Department of Education, Berkeley Unified School District, Defamation League, Brandeis Center, Civil Rights, Brandeis Locations: New York, York, New York City, Berkeley , California, Montgomery County , Maryland, Queens, Israel, Hillcrest, New, Brooklyn, Berkeley, California, ”

☆ My husband and I combined our last names when we got married — it started as a joke, but then it just made sense
▼ + stars: | 2024-05-08 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

Marcy Donnelly and Chris Buerger, 50 and 52, combined their last names when they wed in 2000. AdvertisementThis as-told-to essay is based on a conversation with Marcy Donnager. It started as a joke, then we realized it made senseNone of it seemed real, so we made up names for ourselves. But our adopted names didn't suit our last names, Donnelly and Buerger. Then, once we had our marriage certificate, we used it in the court proceeding to legally change our names to Donnager.

Persons: Marcy Donnelly, Chris Buerger, Donnager, —, Marcy Donnager, Chris, Sasha, Donnelly, Buerger, Sasha Donnager, Buergdonn, Marcy, Aidan, Austin, we're Organizations: Service, SeaWorld, Social Security, Business Locations: San Diego, San Francisco, Orange County, Las Vegas, Austin

☆ Live Updates: Biden to Condemn Antisemitism at Holocaust Remembrance Ceremony
▼ + stars: | 2024-05-07 | by ( Erica L. Green | ) www.nytimes.com time to read: +3 min

Holocaust Memorial Museum’s Days of Remembrance, where he will draw on the Oct. 7 terrorist attack on Israel to amplify concerns about antisemitism in the United States and abroad. Mr. Biden’s address from Capitol Hill comes during weeks of protests on American college campuses against Israel’s war in Gaza, with students demanding that the Biden administration stop sending arms to Israel. Jewish groups have been pressuring the administration to take firmer actions to combat antisemitism. Since the Oct. 7 attack, the department has opened more than 100 investigations into complaints about antisemitism and other forms of discrimination. For months, Mr. Biden has faced fierce criticism over his support for Israel, even from within his own party.

Persons: Biden, recommit, ” Karine Jean, Pierre, “, we’ve, Mr, ” Ms, Jean Organizations: U.S . Holocaust, Capitol Hill, White House, Hamas, Education Department’s, Civil Rights, Civil, Israel, Health Locations: U.S, Israel, United States, Gaza

☆ A FAFSA Fiasco Has Students Still Asking: Which College Can They Afford?
▼ + stars: | 2024-05-05 | by ( Colbi Edmonds | Bernard Mokam | ) www.nytimes.com time to read: +1 min

By this time of year, college-bound high school seniors are usually celebrating their choices, researching dorms and even thinking of their majors. Because of a disastrous rollout of the new application for federal tuition aid, many still don’t know how much tuition they would be paying and so have not decided where they can afford to go. The Education Department’s redesigned form for the Free Application for Federal Student Aid, or FAFSA, was supposed to make applying for tuition aid easier and more accessible. But faced with a bureaucratic mess caused by technical meltdowns and severe delays in processing information and receiving aid packages, students say the new system has been anything but clear or streamlined. The first signs of trouble began in December with the form’s release and have cascaded since, creating uncertainties for students — with graduation right around the corner.

Persons: that’s Organizations: Federal Student Aid

☆ What borrowers need to know as the Public Service Loan Forgiveness program goes on a partial processing pause
▼ + stars: | 2024-05-03 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Fg Trade | E+ | Getty ImagesThe popular Public Service Loan Forgiveness program began a partial processing pause on May 1, which will likely run through July, the U.S. Department of Education recently said. The temporary suspension comes as the Biden administration overhauls the once-troubled federal student loan program. Why the pause is happeningWhat borrowers can expect during the transitionThe Education Department will not review PSLF form submissions for roughly a two-month period, it says. Meanwhile, from May 1 through July, it says, "borrowers will not be able to see their PSLF payment counts on MOHELA's website." "During the transition, PSLF forgiveness will be suspended," said higher education expert Mark Kantrowitz.

Persons: Biden, Mark Kantrowitz Organizations: Public, U.S . Department of Education, Education Department

☆ Biden's new student-loan forgiveness plan has already received over 24,000 comments. There are 2 weeks left to give the administration input.
▼ + stars: | 2024-05-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

There are two weeks left for the public to comment on Biden's new student-debt relief plan. Once the public comment period ends, the administration will move toward final implementation. AdvertisementThe American people have just two weeks left to give President Joe Biden's administration input on its new student-loan forgiveness plan. Related storiesThe plan is now in the public comment period, and there are two weeks left for anyone who wishes to provide input on the administration's proposals. AdvertisementThe comments are available to be viewed publicly, and some of them were supportive of Biden's plan.

Persons: —, Joe Biden's, Biden's, Andrew Bailey, Biden Organizations: Service, Education Department, Federal Register Locations: Missouri

☆ Campus Protests After Day of Arrests, Demonstrations Appear More Muted
▼ + stars: | 2024-05-03 | by ( John Yoon | ) www.nytimes.com time to read: +5 min

Image Students at Rutgers University’s campus in New Brunswick, N.J., dismantled their tents on Thursday. But he also indicated that talks the administration had begun holding with student protesters on Wednesday had been fruitful. The move at Rutgers follows similar deals that Brown University and Northwestern University struck earlier this week to end encampments there. Some Jewish groups voiced outrage about those agreements, calling them a capitulation to demonstrators who had created a hostile environment on campus. She noted that the deal had been reached without any arrests on campus, unlike at some other universities across the country where violence has erupted.

Persons: Mary Ann Koruth, Jonathan Holloway, Dr, Holloway, kaffiyehs, Hana Hassan, Hassan, “, ”, Todd Wolfson, Mr, Wolfson Organizations: Rutgers University’s, ., Content Services, Palestinian, Rutgers University, Rutgers, Brown University, Northwestern University, University of Florida, Hillel International, Jewish, University, New, Tel Aviv University, New Brunswick campus’s, Justice, U.S . Education Department, university’s Center, Islamic Locations: New Brunswick, N.J, Israel, Middle, Voorhees, Palestine, New Jersey

☆ The Education Department will transfer some student loan borrowers to a different servicer. Here's what you need to know
▼ + stars: | 2024-05-02 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

J. David Ake | Getty ImagesIf your current federal student loan servicer is Mohela, or the Missouri Higher Education Loan Authority, the U.S. Department of Education said it will soon transfer some student loan borrowers to different servicers. Change impacts Mohela borrowersThe Education Department began transferring a portion of Mohela's borrowers this week to different companies, it said in an April 29 blog post. "A different servicer will begin managing these loans and assisting these borrowers," the department said. The Education Department contracts with different companies to service its federal student loans, including Mohela, Nelnet and EdFinancial. Why the transfer is happeningWhat borrowers should do amid transitionBorrowers who are being transferred to a different servicer should receive alerts from Mohela and their new servicer, the Education Dept.

Persons: David Ake, servicer, Mark Kantrowitz Organizations: US Department of Education, Missouri Higher Education Loan Authority, U.S . Department of Education, Education Department, The Education Locations: Washington ,, Missouri, Mohela

☆ Student-loan borrowers in public service will now have to wait until July for their debt relief forms to be processed
▼ + stars: | 2024-05-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +1 min

Applications to the Public Service Loan Forgiveness program are paused through July. During this time, borrowers can still submit applications, but they will not be processed. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome student-loan borrowers hoping for debt relief might have to wait a few months. Beginning on May 1, the Education Department placed a pause on any processing of applications to the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after ten years of qualifying payments.

Persons: It's, MOHELA, — Organizations: Public, Service, Education Department, MOHELA, Business

☆ Biden Cancels $6.1 Billion in Debt for Former Art Institute Students
▼ + stars: | 2024-05-01 | by ( Zach Montague | More About Zach Montague | ) www.nytimes.com time to read: +1 min

The Biden administration on Wednesday canceled more than $6 billion in student debt for 317,000 people who attended the Art Institutes, a now-defunct network of for-profit colleges that President Biden said “knowingly misled” students. After a review of lawsuits brought by state attorneys general against the schools and their parent company, Education Management Corporation, the Education Department found that the Art Institutes falsified job placement figures in advertisements and misled prospective students with inflated salary expectations. In one case the department highlighted, an Art Institute campus in Florida appeared to have included the tennis star Serena Williams’s annual income in its graduate salary projections after she had attended classes there. “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,” President Biden said in a statement.

Persons: Biden, “, Serena, ” Organizations: Wednesday, Art Institutes, Education Management Corporation, Education Department, Art Institute Locations: Florida

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