The Biden administration is writing off $37 million of University of Phoenix student loans — and it’s unclear whether that move would leave the University of Idaho on the hook.
The U of I downplayed Wednesday's U.S. Department of Education announcement. But university officials have already said the U of I could be on the hook for $7 million a year, or more, stemming from loan writeoffs.
Defending the $685 million University of Phoenix purchase, University of Idaho President C. Scott Green said his leadership team has “full faith” in Phoenix’s processes, Idaho EdNews reporter Kevin Richert