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May 2, 2024

Biden Cancels Another $6 Billion in Student Loans for Borrowers Enrolled at Shuttered Art Institutes
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President Biden announced another $6 billion in student loan relief,
this time for over 300,000 borrowers who attended the Art Institutes.
Biden said the now-shuttered group of for-profit colleges "knowingly
misled students, and cheated borrowers into taking on mountains of debt
without leading to promising career prospects." The Biden administration
has now canceled $160 billion of student debt for some 4.6 million
borrowers since the Supreme Court blocked a plan to cancel over $400
billion in federal debt.


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