NEW: Biden Forgives $6B for WHO?!

HAPPENING NOW

(ReclaimingAmerica.net) – Using taxpayer funds to provide giveaways as he pleases, Joe Biden just announced he would cancel $6 billion in student loans for 317,000 borrowers who attended the Arts Institutes.

Claiming deceptive practices, Biden said his decision was influenced by findings that the school allegedly “falsified data, knowingly misled students, and cheated borrowers into taking on mountains of debt without leading to promising career prospects at the end of their studies.”

This financial relief is part of the Borrower Defense program, which helps students defrauded by educational institutions to get loan forgiveness.

The Arts Institutes was found to have misrepresented employment rates by claiming that 80% of graduates secured jobs in their field within six months after graduating and exaggerated its graduates’ earning potential.

In the press statement released by the White House, Biden proudly revealed he gave away “$29 billion in debt relief for 1.6 million borrowers” who he claimed were defrauded by higher education institutions.

Secretary of Education Miguel Cardona expressed, “For more than a decade, hundreds of thousands of hopeful students borrowed billions to attend The Art Institutes and got little but lies in return.”

He added, “That ends today — thanks to the Biden-Harris Administration’s work with the attorneys general offices of Iowa, Massachusetts, and Pennsylvania. We must continue to protect borrowers from predatory institutions — and work toward a higher education system that is affordable to students and taxpayers.”

Biden then took a jab at former President Trump by discussing his handling of similar issues, stating, “While my predecessor looked the other way when colleges defrauded students and borrowers, I promised to take this on directly to provide borrowers with the relief they need and deserve.”

This recent initiative increases the total student debt relief provided by the Biden administration to $160 billion, affecting over 4.6 million borrowers.

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