This October 2016 photo shows The New England Institute of Art in Brookline, Massachusetts. The Biden administration said on April 30 that it has approved the cancellation of more than $6.1 billion in student loan debt.
Mandatory Credit:	Collin Binkley/AP via CNN Newsource

This October 2016 photo shows The New England Institute of Art in Brookline, Massachusetts. The Biden administration said on April 30 that it has approved the cancellation of more than $6.1 billion in student loan debt.
Mandatory Credit: Collin Binkley/AP via CNN Newsource

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Biden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group

The Biden administration said Wednesday that it has approved the cancellation of more than $6.1 billion in student loan debt held by 317,000 borrowers who previously attended The Art Institutes, a now-defunct network of for-profit colleges.