Tag

University Of Phoenix

All articles tagged with #university of phoenix

entertainment2 years ago•6 min saved

'SNL' Cold Open Satirizes Antisemitism Hearings, Targets University of Phoenix

In a satirical sketch on "Saturday Night Live," the show parodied the recent congressional hearing on campus antisemitism, featuring university presidents. The sketch mocked the evasive responses given by the presidents, including Elizabeth Magill of the University of Pennsylvania, who recently resigned. The sketch also included Kenan Thompson playing the president of the University of Phoenix, adding a fictional twist to the real-life event.

via The New York Times|

#adam-driver #antisemitism #congressional-hearing

education2 years ago•3 min saved

"Massive Student Loan Forgiveness and Violations: Advocates Demand Action"

The Biden administration has approved over $22 billion in student loan forgiveness for borrowers who were defrauded by their schools, with an additional $37 million just announced for former students of the University of Phoenix. Eligible borrowers include those who were cheated by their schools or were covered by related court settlements. The Education Department is also implementing $6 billion in student loan forgiveness under a settlement agreement for mishandled Borrower Defense to Repayment applications. The department encourages defrauded borrowers to apply for student loan forgiveness through the Borrower Defense program.

via Forbes|

#biden-administration #borrower-defense #education

education2 years ago•3 min saved

Biden's Administration Erases $37 Million in Student Loan Debt for University of Phoenix Students

The Biden administration is canceling nearly $37 million in federal student loan debt for over 1,200 borrowers who attended the University of Phoenix, citing the for-profit school's misleading of students about job prospects. This targeted approach to debt forgiveness comes after the Supreme Court blocked the administration's broader student loan forgiveness program. Since 2021, the administration has canceled over $117 billion of the nearly $1.7 trillion of outstanding federal student loan debt. Eligible borrowers will be notified by early October, and their loans will be put in forbearance until officially canceled. Other affected students can still apply for debt relief under the borrower defense program.

via CNN|

#biden-administration #borrower-defense-program #debt-cancellation

education2 years ago•2 min saved

"Biden administration forgives millions in student debt for defrauded borrowers, while system faces challenges"

The Biden administration has announced the forgiveness of nearly $37 million in student debt for over 1,200 students who attended the University of Phoenix. The relief is being provided to borrowers who applied for borrower defense discharges between September 2012 and December 2014. The University of Phoenix misled students through false advertisements, promising improved job prospects through partnerships with corporations. The Federal Trade Commission's investigation into the university resulted in a $191 million settlement in 2019. Borrowers will be notified of the relief in early October, and any remaining loan balances will be canceled. The Biden administration has already canceled over $117 billion in student debt for 3.4 million borrowers.

via CNBC|

#biden-administration #borrower-defense-program #education

education2 years ago•3 min saved

University of Phoenix affiliation rejected by Arkansas system board.

The Board of Trustees of the University of Arkansas system has rejected a proposal to affiliate with Transformative Education Services, a nonprofit entity that has been seeking to buy the for-profit University of Phoenix. The proposed arrangement would have provided the university up to $20 million a year. The vote was 5 to 4, with one abstention. The University of Phoenix was once the biggest university in the US, but its reputation has been battered by economic trends and regulatory scrutiny.

via Inside Higher Ed|

#acquisition #education #for-profit-education