In a significant move by the Biden administration, more than 260,000 former students of the now-defunct for-profit Ashford University are set to have their student loans forgiven. This decision comes as part of the administration's ongoing efforts towards debt forgiveness.
Ashford University, once a major player in the for-profit college industry with over 100,000 students, faced legal scrutiny after a California court found that the institution had misled students on various aspects such as accreditation, costs, and graduation timelines.
