The Biden administration allocated $6.1 billion to erase loans for around 317,000 former Art Institute students for false claims about employment rates and salaries.
The Art Institutes manipulated data, claiming over 80% employment rate for graduates when actual figures were around 57% and inflated average salaries.
The Art Institute chain used deceptive tactics like including Serena Williams' income in statistics to falsely inflate potential program salaries.
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