Biden to forgive $37 million in debt for former University of Phoenix students

A national ad campaign promised prospective students that attending the school would lead them to receive preferential hiring treatment at a number of high-profile companies, including Microsoft and Adobe.

An investigation conducted by the Federal Trade Commission and reviewed by DOE found that the university misrepresented its relationships with those businesses, which included many Fortune 500 companies.

The forgiveness applies to students enrolled at the university between September 2012 and December 2014 and already applied for borrower defense loan forgiveness. In 2019, the FTC reached a settlement with the university totaling $191 million over its deceptive ad practices.

Read more from USA Today.


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