The Education Department targets “deceptive” loans from Ashford University
President Biden’s administration canceled the student loan debt of 261,000 borrowers who attended Ashford University, a majority online school that was found to have made “widespread misrepresentations” about its education program.
“Numerous federal and state investigations have documented the deceptive recruiting tactics frequently used by Ashford University,” Under Secretary of Education James Kvaal stated. “In reality, 90 percent of Ashford students never graduated, and the few who did were often left with large debts and low incomes.”
This most recent round of canceled student loans follows a 2022 lawsuit finalized against Ashford University and its parent company Zovio Inc., penalizing the organization $22 million for its false and misleading statements. An appeals court later reduced the penalty to $1 million.
As the Lord Leads, Pray with Us…
- For Education Department officials as they cancel student loans for borrowers who were misled by academic institutions.
- For Education Secretary nominee Linda McMahon to seek God’s direction as she goes through the confirmation process and prepares for her role.
Sources: The Hill, NBC San Diego
