![Logo of the art institutes featuring a stylized red "ai" symbol on a black background, with the text "the art institutes" underneath in white.](https://petapixel.com/assets/uploads/2024/05/Biden-Administration-to-Forgive-6.1B-in-Loans-to-Former-Art-Institute-Students-300x157.jpg)
Biden Administration Forgives $6.1B in Loans to Former Art Institute Students
The Biden Administration will forgive $6.1 billion in student loan debt to nearly 317,000 borrowers who enrolled at the Art Institute between 2004 and 2017 as it has been determined that the school made "pervasive and substantial misrepresentations" about career prospects.