The Biden administration canceled another $72 million in student loans this week, saying thousands of students were “cheated” by one California school.
About 2,300 student borrowers who attended Ashford University, an online for-profit school based in San Diego that has since been acquired by the University of Arizona, will have their debt wiped away, the Department of Education announced in a statement on Wednesday.
This latest batch of debt relief comes after the Supreme Court in June struck down President Biden’s massive $430 billion student debt relief plan that would have forgiven 40 million people’s loans.
This week’s decision brings the Biden administration’s total student debt forgiven up to $116 billion for more than 3.4 million people, the administration said.
Wednesday’s $72 million in loan forgiveness is the result of the Department of Education’s review of a 2017 lawsuit the California Department of Justice brought against Ashford University. California…