Thousands of student-loan borrowers are receiving automatic debt relief after President Joe Biden's Education Department accused their school of wrongdoing.it will deliver $130 million in debt cancellation to 7,400 students who were enrolled at Colorado-based locations of CollegeAmerica between January 1, 2006 and July 1, 2020.
CollegeAmerica Colorado campuses"advertised inflated and falsified job placement rates of 70 percent, when internal figures showed the actual number was 40 percent" "They basically tried to get people to sign up for degree programs that they knew weren't going to deliver the results that they were promising," Colorado Attorney General Philip Weiser told reporters on a Tuesday press call.
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