University Of Phoenix To Cancel $141M in Student Loan Debt

The University of Phoenix will be cancelling over $141 million in student loan debt as part of a settlement over deceptive advertising practices.The for-profit online university was accused by the FTC of misleading ads promising students job opportunities with major companies like Microsoft or Yahoo.As part of the record $191 settlement, the school will forgive over $141 million in debt for students who enrolled between October 2012 and December 2016. Read more here