Please don't get me wrong, I'm a big fan of art, but I have to ask our American friends, when will this stop? When will the 'bubble' burst?
WASHINGTON, May 1 (Reuters) - President Joe Biden on Wednesday announced the approval of more than $6.1 billion in student loan debt relief for nearly 317,000 borrowers who were enrolled at any Art Institute campus from January 2004 until October 2017.The Art Institutes was a private-for-profit system of art schools in the United States that faced a host of legal issues and closed last September.The Education Department found that The Art Institutes and its parent company, Education Management Corporation, made "pervasive and substantial misrepresentations to prospective students about postgraduation employment rates, salaries, and career services during that time."... read more