Biden Administration Forgives $6.1 Billion in Debt of Former Art Institutes Students
President Biden announced on Wednesday that his administration will forgive $6.1 billion in debt owed by 317,000 students of the now-defunct Art Institutes. The for-profit art school system, which had locations across the United States, shuttered last year. Students who were enrolled at any Art Institute branch from January 1, 2004 through Oct. 16, 2017, when the Education Management Corp. (EDMC) oversaw the organization, are eligible for debt forgiveness. During this perio