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Zenger
Zenger
Politics
AJ Fabino

Biden Administration Forgives $37M In Student Debt For University Of Phoenix Victims

Joe Biden FTC ANDREW CABALLEROREYNOLDS Google CNBC
US President Joe Biden speaks with Turkey's President during bilateral talks at the NATO Summit in Vilnius on July 11, 2023. (ANDREW CABALLERO-REYNOLDS/GETTY IMAGES)

The Biden administration on Wednesday said that it has forgiven $37 million in student debt for borrowers defrauded by the University of Phoenix, following a multi-year investigation by the Federal Trade Commission (FTC) that led to a $191 million settlement in 2019.

US President Joe Biden speaks with Turkey’s President during bilateral talks at the NATO Summit in Vilnius on July 11, 2023. (ANDREW CABALLERO-REYNOLDS/GETTY IMAGES) 
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