Facing lawsuit, DeVos erases student loans for 1,500; includes students who attended Art Institute of Colorado
Facing a federal lawsuit and mounting criticism, Education Secretary Betsy DeVos on Friday said she will forgive loans for more than 1,500 borrowers who attended a pair of for-profit colleges that shut down last year. Students who attended the Art Institute of Colorado and the Illinois Institute of Art from Jan. 20, 2018, through the end of last year will have their federal student loans canceled, DeVos said, and students who attended another 24 schools owned by the same company can get their loans erased if they enrolled after June 29, 2018.