Biden Administration Cancels $72 Million in Student Loans for Former For-Profit Ashford University Students

Overview

• The Biden administration canceled $72 million in student loans for over 2,300 borrowers who attended Ashford University between 2009-2020.
• Ashford University, previously a for-profit school, was found to have misled students about accreditation, costs, and graduation timelines.
• The loan cancellation applies to Ashford students who applied for debt relief under the borrower defense program.
• Ashford University was purchased by the University of Arizona in 2020 and is now called the University of Arizona Global Campus.
• The Biden administration plans to recoup the $72 million canceled from the Education Department.