Biden's Student Loan Relief: $72M Debt Cancelled for Ashford University Borrowers

The Biden administration is canceling $72 million in federal student loan debt for over 2,300 borrowers who attended the for-profit Ashford University in California. This is part of the borrower defense to repayment program, which allows borrowers to seek debt relief if they were misled or defrauded by their college. The Department of Education found that Ashford University made substantial misrepresentations to borrowers, and the school is now known as the University of Arizona Global Campus. The Biden administration has approved the cancellation of over $116 billion in student loan debt for more than 3.4 million people, with a focus on borrowers who were misled by for-profit colleges.