Biden Clears $6 Billion in Debt for Closed Art School’s Students
As I sit here reflecting on the recent news that President Joe Biden has taken action to forgive $6.1 billion in student loan debt for over 300,000 former attendees of the now-closed Art Institutes, I can’t help but feel a mix of emotions. The Art Institutes, once a group of 50 campuses across the US, shut their doors in 2023 amidst accusations of fraud. This move by the Biden administration will bring automatic relief to those who enrolled between 2004 and 2017, even for those who have not yet applied for assistance. The forgiveness notices will be sent out this week, providing a sense of relief to so many who were burdened by the weight of student loan debt.… Continue reading
John Q. Hosedrinker