#UnitedStates President #JoeBiden said his administration was canceling $130 million in debt for 7,400 student borrowers who attended #CollegeAmerica in the state of #Colorado

CollegeAmerica, a private institution, shut down in September 2020 after an investigation by Colorado's attorney general found it made widespread misrepresentations about the salaries and employment rates of its graduates, the Education Department said in a statement.

#StudentLoan #Debt
https://www.reuters.com/world/us/biden-cancels-130-million-debt-students-who-attended-colorado-college-2023-07-25/