Home News Oregon Attorney General Requests Student Loan Forgiveness Extension For Closed Schools – OPB

Oregon Attorney General Requests Student Loan Forgiveness Extension For Closed Schools – OPB

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Oregon Attorney General Ellen Rosenblum and 29 other attorneys general around the nation Thursday requested that the U.S. Department of Education extend the time frame to cancel student loans for students of now-closed schools.

The letter focuses on the Dream Center Education Holdings nonprofit. Dream Center in 2017 purchased Argosy University, the Art Institutes and South University from the Education Management Corporation. Those schools all have multiple locations around the U.S.

At the time of the sale, the Education Management Corporation had already “engaged in misconduct that set the schools on a path toward financial instability,” the AGs’ letter states.

Dream Center Education Holdings closed more than 20 schools last year, including the Art Institute of Portland.

The letter states that tens of thousands of students were unable to complete their studies and obtain degrees because of the mismanagement of the schools.

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