This institution falsified data, knowingly misled students and cheated borrowers into taking on mountains of debt without leading to promising career prospects at the end of their studies, President Biden said in a statement.
He also took a swipe at former President Donald J. Trump, whom he accused of ignoring the influence of predatory for-profit schools on students seeking what they believed were meaningful academic credentials.
Mr. Biden said last month that he would make another attempt at large-scale debt forgiveness for more than 25 million people, despite opposition from Republicans, who say it would be unfair to borrowers who struggled to pay off their student debt without assistance.
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