ALBUQUERQUE (AP) – Authorities say hundreds of New Mexico residents who were students of a for-profit college chain will receive $632,000 in student-loan forgiveness as a result of a settlement of a multistate investigation into consumer complaints.
The agreement announced Tuesday by the New Mexico Attorney General’s Office is part of a nationwide settlement with Education Management Corp.
Pittsburgh-based EDMC is the nation’s second-largest for-profit college provider. The company operates 110 schools in 32 states plus Canada through Argosy University, The Art Institutes, Brown Mackie College and South University.
In New Mexico, the Attorney General’s Office says EDMC operates a Brown Mackie campus in Albuquerque and that numerous New Mexico residents enrolled in online programs.