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Mark Scheinberg paid students’ loans as owner of the for-profit Stone Academy, according to the Department of Justice. That action will cost him his position as president of Goodwin University.
President Biden suggests he will move to forgive some student debt. When a final decision will occur and whether his plan will be successful is still unknown.
With its accreditor’s decision on potential sanctions due soon, the University of Arizona Global Campus is also contending with lower-than-expected enrollment and a California lawsuit against its corporate partner.