Deal offers loan forgiveness for thousands of AZ students – CBS 5 #loans #for #students

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Deal offers loan forgiveness for thousands of AZ students

PHOENIX (KPHO/KTVK) –

Thousands of former college students in Arizona are getting their student loan debt forgiven.

It’s part of a multi-state agreement between attorneys general and Education Management Corporation.

EDMC runs Argosy University, The Art Institutes, Brown Mackie College and South University. It’s accused of using high pressure and making false claims about program accreditation.

The total cost in Arizona for debt forgiveness is $2.7 million.

We found that many students who enrolled in these schools to make a better life for themselves were instead left unemployed with thousands of dollars in student loan debt, said Arizona Attorney General Mark Brnovich. We will continue to hold EDMC accountable for what we believe are unfair recruitment and enrollment practices.

Nationwide, the agreement requires EDMC to forgive $102.8 million in outstanding loan debt held by more than 80,000 former students.

Those students eligible for relief must have been enrolled in an EDMC program with fewer than 24 transfer credits, withdrew within 45 days of the first day of their first term, and their final day of attendance must have been between Jan. 1, 2006 and Dec. 31, 2014.

If you are a current or former student enrolled in the Brown Mackie Nursing Program in Tucson, or if you believe you are a victim of any type of consumer fraud and would like to file a complaint, you can do so online by visiting the Arizona Attorney General s website at

You can also contact the Attorney General’s Office in Phoenix at 602-542-5763, in Tucson at 520-628-6504, or outside the Phoenix and Tucson metro areas at 1-800-352-8431.

[PRESS RELEASE: AG Brnovich Obtains $2.7 Million in Student Loan Forgiveness for Former Students of Brown Mackie College, The Art Institutes, and Argosy University ]

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