Nearly $ three million in scholar loans for college kids who’ve attended the Brightwood Profession Institute – CBS Pittsburgh

By: KDKA-TV News Staff

HARRISBURG, PA (KDKA) – The Pennsylvania Attorney General announced that nearly $ 3 million in student loan debt will be wiped out.

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Josh Shapiro said he had an agreement with the now-defunct Education Corporation of America to cancel $ 2.6 million in private loans for 1,300 students. The company operated five former Brightwood Career Institute locations in the state, including one in Pittsburgh.

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“When the Education Corporation of America closed, thousands of Pennsylvanians had no degrees and a tremendous financial burden. Today we reached an agreement and canceled multi-million dollar debts for Pennsylvanians, “Attorney General Shapiro said in a press release. “Student loan debt is a life-changing hurdle for far too many in our Commonwealth, which is why we struggle for borrowers every day.”

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Shapiro said borrowers affected by the settlement will be contacted directly from his office. These borrowers do not need to take any steps to get a refund or have the debt canceled.