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The Biden administration is canceling nearly $37 million of federal student loan debt for more than 1,200 borrowers who attended the University of Phoenix because it found that the for-profit ...
An estimated 200,000 defrauded former college students are set to have $6 billion in federal loan debt wiped clean as part of a proposed settlement agreement filed June 23 in federal court.
A 2008 investigation by the Iowa Attorney General's Office found that the organization falsely marketed its loans as the lowest-cost option, failed to direct eligible students toward less ...
University of Phoenix. University of Phoenix [3] ( UoPX) is a private for-profit university headquartered in Phoenix, Arizona. [a] Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels.
The University of Phoenix is a wholly owned subsidiary of the Apollo Education Group. The University of Phoenix is one of the largest higher education providers in North America. The university has approximately 40 campuses and confers degrees in over 100 degree programs at the associate, bachelor's, master's and doctoral levels.
In June 2023, the U.S. Supreme Court ruled in favor of Nebraska to block Biden's plan to forgive federal student loans. Overview Student loan debt rose from $480.1 billion (3.5% GDP) in Q1 2006 to $1,683 billion (7.8% GDP) in Q1 2020. Student loans play a significant role in U.S. higher education.
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