![The Biden administration unveiled plans to cancel .1 billion in student loan debt, targeting individuals who attended the Art Institutes.](https://san.com/wp-content/uploads/2024/05/CLEAN_Biden-announces-new-6B-in-student-debt-relief_AP-IMAGES.jpg?w=1920)
Biden announces $6.1B student loan debt relief for Art Institutes attendees
May 1
By Lauren Taylor (Anchor/Reporter), Emma Stoltzfus (Video Editor)
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Center 60%
Right 12%
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Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on Associated Press News
Biden forgives another $6B in debt for students of for-profit chain The Art Institutes
Click to see story on USA Today
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on abc News
Biden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group
Click to see story on CNN
Biden administration to clear $6.1B in debt of former Art Institutes students
Click to see story on The Washington Post
Biden forgives $6.1 billion in student debt for 317,000 borrowers. Here’s who qualifies for relief.
Click to see story on CBS News
Biden Clears $6 Billion in Debt for Closed Art School’s Students
Click to see story on Bloomberg
Biden forgives more than $6 billion in loans for 317,000 Art Institutes students
Click to see story on npr
317,000 student-loan borrowers are getting $6.1 billion in debt canceled after being misled about career prospects and how much money they could make after graduation
Click to see story on Business Insider
Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
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Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
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Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
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Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
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Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
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Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
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Statement from President Joe Biden on $6.1 Billion in Student Debt Cancellation for 317,000 Borrowers who Attended the Art Institutes
Click to see story on The White House
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Biden approves $6.1 billion in student loan debt relief for Art Institute enrollees
Click to see story on Reuters
Biden forgives $6.1 billion in student debt for borrowers misled by Art Institute
Click to see story on CNBC
Biden forgives more than $6 billion in student debt for 317,000 defrauded borrowers
Click to see story on The Hill
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on Winnipeg Free Press
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on WPLG
Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
Click to see story on abc 7 Chicago
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
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Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
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Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
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Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
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Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WMUR
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WLKY
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WESH
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on Koco News5
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on KETV
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WDSU
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WTAE
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WYFF
Biden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group – Boston News, Weather, Sports
Click to see story on WHDH
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on KCCI
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on KMBC
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on KOB 4
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WPTZ
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WMTW
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WVTM
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WAPT
Art Institute loan forgiveness: Biden cancels $6B in debt for 317,000
Click to see story on WFAA 8abc
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WPBF
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WGAL
Art Institute loan forgiveness: Biden cancels $6B in debt for 317,000
Click to see story on KPNX
Art Institute loan forgiveness: Biden cancels $6B in debt for 317,000
Click to see story on Krem2 News
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WJCL
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on KHBS
Art Institute loan forgiveness: Biden cancels $6B in debt for 317,000
Click to see story on Fort Smith/Fayetteville News
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on AZ Family – Phoenix
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Biden cancels $6.1 billion in student debt for attendees of defunct, for-profit art school
Click to see story on Washington Times
Biden approves $6.1 billion in student loan debt relief for Art Institute enrollees
Click to see story on The Straits Times
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on National Post
Biden announces fresh round of $6.1 billion in student loan handouts, brings total given to $160 billion
Click to see story on Fox Business
Biden administration forgives $6B in loans amidst Art Institutes fraud claims
Click to see story on WPDE
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59 other sources covering this story
Total News Sources
59
Leaning Left
16
Center
35
Leaning Right
7
Last Updated
2 months ago
The Biden administration announced Wednesday, May 1, that it will be canceling $6.1 billion in student loan debt for 317,000 people. The debt forgiveness targets people who attended the now-defunct for-profit Art Institutes.
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In a statement President Joe Biden said the Art Institutes “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.”
For more than a decade, hundreds of thousands of hopeful students borrowed billions to attend The Art Institutes and got little but lies in return.
— Secretary Miguel Cardona (@SecCardona) May 1, 2024
That ends today. https://t.co/EO4js0qbgS
“For more than a decade, hundreds of thousands of hopeful students borrowed billions to attend the Art Institutes and got little but lies in return,” Education Secretary Miguel Cardona said.
The Education Department said the Art Institutes lied to students by falsifying the average salaries of graduates. The Art Institutes’ parent company, the Education Management Corporation, sold its schools in October 2017 and filed for bankruptcy in 2018.
The remaining Art Institutes colleges stayed open under new management until September 2023.
In 2022, the U.S. Supreme Court rejected Biden’s first attempt to cancel $400 billion in student debt for 43 million Americans through executive action.
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Since that time, his administration has attempted to forgive student loans using a more targeted approach, attempting to circumvent legal challenges.
In this case, the Biden administration is using the Borrower Defense Loan Discharge Program, making borrowers eligible for relief if they’ve been defrauded by their university.
To qualify for forgiveness, borrowers must’ve been enrolled at any Art Institutes school between Jan. 1, 2004, and Oct. 16, 2017. Eligible borrowers won’t have to take any action the debt will be forgiven automatically.
About 43 million borrowers owe $1.7 trillion in student loan debt, according to the Education Data Initiative.
[LAUREN TAYLOR]
THE BIDEN ADMINISTRATION ANNOUNCED WEDNESDAY – IT’S CANCELING $6.1 BILLION IN STUDENT LOAN DEBT – FOR 317,000 PEOPLE.
The debt forgiveness targeted for people WHO ATTENDED THE now-defunct for-profit ART INSTITUTES.
IN A STATEMENT, PRESIDENT BIDEN SAID THE ART INSTITUTES “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.”
EDUCATION SECRETARY MIGUEL CARDONA SAID “FOR MORE THAN A DECADE, HUNDREDS OF THOUSANDS OF HOPEFUL STUDENTS BORROWED BILLIONS TO ATTEND THE ART INSTITUTES AND GOT LITTLE BUT LIES IN RETURN.”
THE EDUCATION DEPARTMENT SAID THE ART INSTITUTES LIED TO STUDENTS BY FALSIFYING THE AVERAGE SALARIES OF GRADUATES. THE ART INSTITUTES’ PARENT COMPANY -THE EDUCATION MANAGEMENT CORPORATION- SOLD IT’S SCHOOLS in OCTOBER 2017 AND FILED FOR BANKRUPTCY IN 2018. THE REMAINING ART INSTITUTES COLLEGES STAYED OPEN UNDER NEW MANAGEMENT UNTIL SEPTEMBER 2023.
TWO YEARS AGO – THE US SUPREME COURT REJECTED BIDEN’S FIRST ATTEMPT TO CANCEL $400-BILLION IN STUDENT DEBT FOR 43 MILLION AMERICANS THROUGH EXECUTIVE ACTION.
SINCE THAT TIME – HIS ADMINISTRATION HAS ATTEMPTED TO FORGIVE STUDENT LOANS USING A MORE TARGETED APPROACH IN an attempt TO CIRCUMVENT LEGAL CHALLENGES.
IN THIS CASE, THE BIDEN ADMINISTRATION IS USING THE BORROWER DEFENSE LOAN DISCHARGE PROGRAM – MAKING BORROWERS ELIGIBLE FOR RELIEF IF THEY’VE BEEN DEFRAUDED BY THEIR UNIVERSITY.
IN ORDER TO QUALIFY FOR FORGIVENESS – BORROWERS MUST’VE BEEN ENROLLED AT ANY ART INSTITUTES SCHOOL BETWEEN JANUARY 1, 2004 – AND OCTOBER 16TH, 2017.
ELIGIBLE BORROWERS WON’T HAVE TO TAKE ANY ACTION – THE DEBT WILL BE FORGIVEN AUTOMATICALLY.
ABOUT 43 MILLION BORROWERS OWE $1.7 TRILLION IN STUDENT LOAN DEBT – ACCORDING TO THE EDUCATION DATA INITIATIVE.
Related
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below.
Learn more about this dataLeft 28%
Center 60%
Right 12%
Bias Distribution
Far
Left
+0
Click to close
Left
+0
Click to close
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on Associated Press News
Biden forgives another $6B in debt for students of for-profit chain The Art Institutes
Click to see story on USA Today
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on abc News
Biden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group
Click to see story on CNN
Biden administration to clear $6.1B in debt of former Art Institutes students
Click to see story on The Washington Post
Biden forgives $6.1 billion in student debt for 317,000 borrowers. Here’s who qualifies for relief.
Click to see story on CBS News
Biden Clears $6 Billion in Debt for Closed Art School’s Students
Click to see story on Bloomberg
Biden forgives more than $6 billion in loans for 317,000 Art Institutes students
Click to see story on npr
317,000 student-loan borrowers are getting $6.1 billion in debt canceled after being misled about career prospects and how much money they could make after graduation
Click to see story on Business Insider
Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
Click to see story on abc 6 Philadelphia
Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
Click to see story on abc 13 Houston
Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
Click to see story on abc11 Raleigh
Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
Click to see story on abc 7 News
Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
Click to see story on abc30 News
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WISH-TV
Statement from President Joe Biden on $6.1 Billion in Student Debt Cancellation for 317,000 Borrowers who Attended the Art Institutes
Click to see story on The White House
Click to close
Biden approves $6.1 billion in student loan debt relief for Art Institute enrollees
Click to see story on Reuters
Biden forgives $6.1 billion in student debt for borrowers misled by Art Institute
Click to see story on CNBC
Biden forgives more than $6 billion in student debt for 317,000 defrauded borrowers
Click to see story on The Hill
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on Winnipeg Free Press
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on WPLG
Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
Click to see story on abc 7 Chicago
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on KCRA 3
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on Click on Detroit
Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
Click to see story on abc 7 LA
Biden to cancel $6B in student debt for borrowers misled by The Art Institutes
Click to see story on abc 7 NY
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WMUR
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WLKY
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WESH
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on Koco News5
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on KETV
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WDSU
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WTAE
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WYFF
Biden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group – Boston News, Weather, Sports
Click to see story on WHDH
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on KCCI
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on KMBC
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on KOB 4
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WPTZ
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WMTW
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WVTM
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WAPT
Art Institute loan forgiveness: Biden cancels $6B in debt for 317,000
Click to see story on WFAA 8abc
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WPBF
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WGAL
Art Institute loan forgiveness: Biden cancels $6B in debt for 317,000
Click to see story on KPNX
Art Institute loan forgiveness: Biden cancels $6B in debt for 317,000
Click to see story on Krem2 News
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on WJCL
Biden to cancel $6 billion in student debt for borrowers misled by former for-profit college group
Click to see story on KHBS
Art Institute loan forgiveness: Biden cancels $6B in debt for 317,000
Click to see story on Fort Smith/Fayetteville News
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on AZ Family – Phoenix
Click to close
Biden cancels $6.1 billion in student debt for attendees of defunct, for-profit art school
Click to see story on Washington Times
Biden approves $6.1 billion in student loan debt relief for Art Institute enrollees
Click to see story on The Straits Times
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
Click to see story on National Post
Biden announces fresh round of $6.1 billion in student loan handouts, brings total given to $160 billion
Click to see story on Fox Business
Biden administration forgives $6B in loans amidst Art Institutes fraud claims
Click to see story on WPDE
Click to close
Far
Right
+0
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59 other sources covering this story
Total News Sources
59
Leaning Left
16
Center
35
Leaning Right
7
Last Updated
2 months ago
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