Center for Political Awareness

Biden Forgives More than $6 Billion in Student Debt for 317,000 Defrauded Borrowers

The Biden administration announced Wednesday it would be forgiving $6 billion in student debt for borrowers who attended the Art Institutes.

Photo: Allison Robbert. President Biden arrives on the South Lawn of the White House in Washington, D.C., on Friday, April 26, 2024 after a trip to New York for official and campaign events.

 

The Biden administration announced Wednesday it would be forgiving $6 billion in student debt for borrowers who attended the Art Institutes.

The 317,000 borrowers will receive the relief after it was discovered the school “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.” 

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