MADISON, WI (WTAQ) – Student loans have been forgiven for 933 Wisconsin adults at four profit-making colleges.
Students at Milwaukee’s Art Institute of Wisconsin and 3 online schools are having a total of $916,000 in college loans wiped out.
That’s after the schools’ owner, the Education Management Corporation, reached a settlement with Wisconsin and 38 other states to end investigations into the illegal payments of recruiters, and misrepresenting the schools’ job placement records.
The online schools affecting the Wisconsin case are Argosy, the Art Institute of Pittsburgh, and South University.
According to the state’s Educational Approval Board, the settlements go to students with fewer than 24 hours of transfer credits who withdrew from their studies within 45 days.
Their final days of studies must have been from 2006 through last year.
(Story courtesy of Wheeler News Service)
