More than 5,400 Coloradans who attended Westwood College will have their federal student loans forgiven, the U.S. Department of Education announced Tuesday.

In total, more than 79,000 students who took out federal loans to attend Westwood will be repaid $1.5 billion in loans after the Department of Education determined the college ‘misled students about college prospects. employment and salary, the transferability of credits and its private institutional loan”. the Colorado attorney general’s office said in a statement. Colorado’s share of those canceled loans is more than $107 million.

The relief applies to students who attended Westwood between 2002 and 2015. The federal government announced an initial pardon push last year.

The federal investigation by the Department of Education found that Westwood “engaged in widespread misrepresentation about the value of its credentials to the employment prospects of participants and graduates, such that all borrowers who have attended during the period described above are entitled to full loan discharge”. the agency said in a separate statement. Westwood closed in 2015 and was owned by Alta Colleges in Colorado.

The Department of Education said investigators in Colorado and Illinois provided “significant evidence” against Westwood.


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