Biden Announces $130 Million Student Debt Forgiveness for CollegeAmerica Students
July 25 Tuesday, In a significant move, President Joe Biden declared the forgiveness of $130 million in student debt for 7,400 borrowers who were former students of CollegeAmerica in Colorado. The for-profit college had ceased operations in 2020 after facing severe criticism for deceiving students about their career prospects and loans. Under the recent announcement…