The Biden administration is canceling $72 million in student loans for 2,300 borrowers who say they were cheated by Ashford University, a former for-profit college that was purchased by the University of Arizona in 2020
The Education Department announced the action Wednesday, saying it will seek to recoup the money from the University of Arizona. The university did not immediately provide a comment.
That lawsuit, brough by the state of California, was the basis of the Education Department's cancellation. The action will automatically discharge loans for 2,300 borrowers who attended Ashford from March 2009 through April 2020 and applied for cancellation through the Education Department's borrower defense program. Those borrowers will see their loan balances zeroed out, and they will be refunded for payments on their federal loans.
Under its previous ownership, Ashford's recruiters told students they would be able to work as teachers, social workers, nurses and drug and alcohol counselors, but the school never got accreditation for those professions, according to California's lawsuit. It's one of several for-profit colleges that have been purchased and absorbed by nonprofit universities, including Purdue University's purchase of Kaplan University, and the University of Idaho's purchase of the University of Phoenix.
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