Biden Administration Cancels $37 Million in Student Debt

The Biden administration has canceled another $37 million in student debt for students who were allegedly deceived by the University of Phoenix.

U.S. President Joe Biden speaks about supporting families, care workers, and family caregivers at the Rose Garden of the White House in Washington on April 18, 2023. Madalina Vasiliu/The Epoch Times

The Biden administration has approved a $37 million student loan forgiveness plan to provide relief for students who the Education Department says were “brazenly” deceived by an Arizona-based university.

More than 1,200 borrowers who attended the University of Phoenix will have their student debts canceled after an investigation by the Federal Trade Commission (FTC) that was reviewed by the Department of Education (DOE) found that the school deceived prospective students with false ads about job opportunities in a bid to persuade them to attend.