{"id":2040385,"date":"2023-09-21T17:23:02","date_gmt":"2023-09-21T21:23:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-cancels-37m-in-student-debt-for-just-over-1k-people\/"},"modified":"2023-09-21T17:25:53","modified_gmt":"2023-09-21T21:25:53","slug":"biden-admin-cancels-37m-in-student-debt-for-just-over-1k-people","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-cancels-37m-in-student-debt-for-just-over-1k-people\/","title":{"rendered":"Biden Admin wipes out $37M student debt for 1K individuals."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-admin-cancels-37m-in-student-debt-for-just-over-1k-people%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2040385&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>About 1,200 University\u200c of Phoenix Students \u200dto Have Student Loans Canceled<\/h2>\n<p>The\u2062 Biden \u200dadministration has \u2063announced a groundbreaking\u2063 deal that \u2064will see the\u2062 cancellation of \u200dstudent loans for \u2063approximately 1,200 students who attended \u2064the University of Phoenix. This move, amounting to $37 \u2064million in debt forgiveness, aims to provide relief \u200bfor \u200dstudents who attended the college between September 21, 2012, and December 31, 2014, according to <a href=\"https:\/\/www.cnn.com\/2023\/09\/20\/politics\/university-of-phoenix-student-loan-forgiveness\/index.html?utm_term=link&#038;utm_source=twCNNp&#038;utm_content=2023-09-20T21%3A36%3A23&#038;utm_medium=social\" target=\"_blank\" rel=\"noopener\">CNN<\/a>.<\/p>\n<p>The\u200d loans being \u2064forgiven are those of former\u200d students who sought to have their loans canceled under the borrower defense to repayment program. This program allows former students to seek\u2063 relief if they believe they were defrauded or misled by the college they attended.<\/p>\n<p>The Department of Education is basing \u200dthis loan forgiveness on a Federal Trade Commission investigation into the \u200dUniversity of Phoenix. The investigation focused on \u200dthe \u2062extent to which \u200bthe\u200b college exaggerated claims of partnerships with top corporations that would supposedly lead to employment preferences.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">FTC action leads <a href=\"https:\/\/twitter.com\/usedgov?\">@usedgov<\/a> to forgive nearly $37 million in loans for students deceived by \u200bUniversity \u2064of Phoenix:\u2064 <a href=\"https:\/\/t.co\/Qh7WQBqU2L\">https:\/\/t.co\/Qh7WQBqU2L<\/a> \/1<\/p>\n<p>\u2014 \u2064FTC (@FTC) <a href=\"https:\/\/twitter.com\/FTC\/status\/1704577160185319751?\">September 20, 2023<\/a><\/p>\n<\/blockquote>\n<p>In a 2019 settlement, the for-profit college admitted no wrongdoing. However, Federal Student Aid chief \u2064operating officer Richard Cordray stated, &#8220;The University of Phoenix brazenly deceived prospective\u200b students with false\u2062 ads to get them to enroll.\u200b Students who\u2063 trusted the school and wanted to better their lives through education ended up with mounds of debt and useless degrees.&#8221;<\/p>\n<p>The University of Phoenix, on the other\u200b hand, countered with \u200dits own statement, saying, &#8220;We respectfully, but adamantly disagree with\u200d the U.S. Department of Education&#8217;s allegations related to the Dec. 2019 University of Phoenix\u200b settlement \u200dwith\u2062 the Federal Trade Commission. While the University is not against relief for borrowers who have valid claims, we intend to vigorously challenge each frivolous allegation \u2063and suspicious claim through every \u2064available legal avenue.&#8221;<\/p>\n<p>Eligible former University of Phoenix students covered by\u2062 the loan forgiveness will receive official notices \u2062next month. However, October is also when <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jacksonville-shooting-suspect-identified-by-police-as-21-year-old-ryan-palmeter\/\" title=\"Police have identified the Jacksonville shooting suspect as 21-year-old Ryan Palmeter.\">student loan \u200crepayments<\/a>, which have been paused since the pandemic, will resume. It is\u200d worth noting that the Biden administration&#8217;s attempt to implement a comprehensive debt elimination program was rejected by the U.S. Supreme Court.<\/p>\n<p>According to \u200b <a href=\"https:\/\/www.cnbc.com\/2023\/09\/20\/biden-administration-forgives-37-million-in-university-of-phoenix-student-debt.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>, the borrowing rates at the University of Phoenix are among the highest in the nation. In the 2022-23 academic year, students took out nearly $484 million in loans. This information comes from higher education expert \u200dMark Kantrowitz.<\/p>\n<p>In August, the Department of Education also forgave $72 million in loans for over 2,300 borrowers who attended the for-profit Ashford University in California, \u200das reported by CNN.<\/p>\n<p data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/paragraph_6E83FFCE-2AC0-596A-AEAE-B3B92C74E56A@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\" data-analytics-observe=\"off\">In July, the <a href=\"https:\/\/www.westernjournal.com\/biden-admin-announces-student-loan-forgiveness-804000-borrowers-via-39-billion-fix\/\" target=\"_blank\" rel=\"noopener\">Education Department<\/a> canceled $130 million in loans for 7,400\u200b students.<\/p>\n<p>That action covered Colorado students who attended CollegeAmerica between 2006 \u2064and July 1, 2020. The college shut down in 2021 \u200dafter \u200ca state lawsuit against it, according to <a href=\"https:\/\/abcnews.go.com\/Politics\/biden-admin-canceling-130m-students-ripped-off-colorado\/story?id=101643434\" target=\"_blank\" rel=\"noopener\">ABC<\/a>.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/biden-admin-cancels-37m-student-debt-just-1k-people\/\">Biden Admin Cancels $37M in Student Debt\u2063 for\u2064 Just Over 1K People<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n<p> <\/p>\n<h2> How does the loan forgiveness for University of Phoenix students demonstrate the government&#8217;s \u200ccommitment\u2063 to protecting students and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-cancels-37m-in-student-debt-for-just-over-1k-people\/\" title=\"Biden Admin wipes out M student debt for 1K individuals.\">holding\u200b educational institutions accountable<\/a> \u200bfor their actions<\/h2>\n<p><span>  Xt week, detailing the cancellation of their loans. This will bring much-needed relief to these students, who were burdened with debt \u2063from their time at \u2062the University of Phoenix. It is a significant step \u200btowards addressing the issue \u200dof student loan debt \u200bin the country.<\/p>\n<p>The borrower defense to repayment program is an important tool for students who believe they were deceived or defrauded\u2063 by their college. It allows them to seek relief from their loans and holds institutions accountable for their actions. The loan forgiveness for the University of Phoenix students is a testament to the effectiveness of this program.<\/p>\n<p>The Federal Trade Commission&#8217;s investigation into the University of Phoenix revealed the\u2062 extent \u2064of the college&#8217;s misleading claims about partnerships with top corporations and \u200bemployment opportunities\u2063 for its students. These false promises led many students to enroll in the college, \u200bhoping for a better \u2063future through education. Instead, they ended up with substantial debt and degrees that \u2062did not provide the promised career prospects.<\/p>\n<p>The $37 million in loan forgiveness is a necessary response to the harm caused by the\u200c University of Phoenix&#8217;s deceptive practices. It demonstrates the government&#8217;s commitment to protecting students and ensuring they are not taken advantage of by educational institutions. By canceling \u2063these loans, the Biden administration is granting these students a fresh start \u2064and the opportunity\u200d to pursue their goals without the burden of debt.<\/p>\n<p>However, it is important to note that the\u2062 University of Phoenix denies any wrongdoing and intends to challenge the \u200cDepartment of Education&#8217;s allegations. They argue that they have settled with the Federal Trade Commission \u2064in 2019 and should not be subject to further legal action. The coming legal battle will determine the\u200d final outcome of this\u200c loan forgiveness and\u2064 shed light on the responsibility of educational institutions towards their students.<\/p>\n<p>In conclusion, the cancellation of student loans for approximately 1,200 University of Phoenix \u2063students is a significant step towards providing relief to those who were deceived and burdened with debt. It highlights the importance of the borrower defense to \u200drepayment program\u200c in\u200b protecting students and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/court-freezes-part-of-bidens-debt-relief-for-defrauded-students\/\" title=\"Biden's debt relief for defrauded students partially frozen by court.\">holding institutions accountable<\/a> for their actions. While the University of Phoenix may challenge the allegations, this move by\u2063 the Biden administration sets a precedent for ensuring the rights and well-being\u200c of students in \u2062the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration has announced the cancellation of student loans for around 1,200 University of Phoenix attendees. The debt, totaling $37 million, will be forgiven for students who studied at the college from Sept. 21, 2012, to Dec. 31, 2014. This decision was made to provide relief to the affected individuals.<\/p>\n","protected":false},"author":661,"featured_media":2040386,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2040385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2040385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2040385"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2040385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2040386"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2040385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2040385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2040385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}