The U.S. Department of Education announced today that it will provide $37 million in student debt cancellation for some 1,200 former students who contend they were scammed by the University of Phoenix, which has long been the largest for-profit college and has received tens of billions in taxpayer funding.
The University of Phoenix brazenly deceived prospective students with false ads to get them to enroll, Richard Cordray, head of the Departments Office of Federal Student Aid, said in a statement. Students who trusted the school and wanted to better their lives through education ended up with mounds of debt and useless degrees.
Todays announcement, the latest in a series of student loan relief approvals under the Biden administratio…
Read the full article at: https://www.republicreport.org/2023/new-debt-relief-for-scammed-u-of-phoenix-students-heightens-peril-of-idaho-deal/