San Diego Art Institute Students Still Seeking Debt Relief
SAN DIEGO (KGTV) – The Biden administration recently announced the cancellation of $ 1 billion in student debt. The new decision concerns 72,000 students.
Some San Diego students at a closed, for-profit university said they weren’t on this list, but were hopeful for the future.
Sanders Fabares is a graduate of the Art Institute. ABC 10News interviewed him for the first time in 2019 after the announcement of the sthe school would suddenly close.
“I am embarrassed, ashamed that I went there,” Fabares said at the time.
He and his wife went to the Art Institute. Together, they had about $ 100,000 in debt. Fabares said that despite paying more than the minimum for a decade, there is still about “$ 80,000 to pay.”
He reacted to the recent news of the cancellation of the billion dollar debt.
“It’s actually very important because it shows that massive debt cancellation is possible,” Fabares said. “I wouldn’t be surprised to see a lot more cancellations happen as there is going to be a lot more pressure to be put on the Biden administration to keep this momentum going.”
The relief only applied to those who had previously approved Ministry of Education requests through the borrower advocacy fund. Many Art Institute students were not included in this.
The attorney general’s office recently announced that students defrauded by Corinthian colleges and ITT Tech will start receiving loan forgiveness under the recent Biden administration decision.
The AG’s office, then under Kamala Harris, filed a lawsuit against Corinthian Colleges in 2013. It alleged that schools “were targeting vulnerable low-income Californians through deceptive and deceptive advertising and aggressive marketing campaigns. that distorted placement rates and school curricula, ”to a press release.
Fabares said these same tactics were used in Art Institute schools. “There were bogus placement statistics that made the school look better than it was,” he said. “Even before I signed up for anything, I was shown this placement statistic of a 94.7% chance of getting a job in my field.”
Similar allegations of pass rate inflation have been made in lawsuits against schools.
Art institute had 50 sites that have closed. While some have obtained debt relief through a recent lawsuit settlement, this only applied to about 1,500 students.
Fabares now participates in the operation of the Facebook group “I Am AI”, which currently has more than 9,700 members.
“It really makes me hope that relief is possible for the students of the Art Institute because for a long time they were saying that cancellation was not possible,” Fabares said. “It just shows that in fact it is.”
He is part of a group that organizes rallies in favor of debt cancellation. There is a Sunday rally at Waterfront Park at 11 a.m.