Fraud claims swamp colleges as Biden administration expands student loan forgiveness
Colleges nationwide have received a wave of complaints that they have misled applicants financially as the Biden administration fights to expand regulations for federal student loan forgiveness.
The Education Department said Tuesday that it would fine the nation’s largest Christian university a record $37.7 million and encourage more than 7,500 former students to file federal borrower defense to repayment, or BDR, claims to cancel their loan debts.
The department said for-profit Grand Canyon University falsely advertised the cost and coursework required to complete some doctoral degrees. The Phoenix-based school strenuously denies the accusation.