The Biden administration announced a new round of student debt loan forgiveness, this time for $6.1 billion. The measure will benefit 317,000 people who attended The Art Institutes, for-profit schools that shut down last year amid allegations of fraud.
The institution operated in different cities across the country, including Atlanta, New York and Tampa. It closed its doors permanently last September after the Department of Education determined it had misrepresented its graduates' employment rates and salaries.
