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Debt Relief for Art Institute Students
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99% of Federal Student Loan Borrowers Ap...
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The Biden administration and U.S. Department of Education provide $6.1 billion in loan relief to 317,000 former Art Institute students affected by fraud. The Art Institutes faced legal action for $95.5 million in 2015, and its parent company went bankrupt in 2018.
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How can the government prevent similar instances of fraud in educational institutions?
What challenges may arise in implementing such a large-scale loan relief program?
What long-term effects could this loan forgiveness have on the higher education industry?
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