Sollers To Cancel $3.4M In Student Loan Debt Amid Deceptive Practice Charges

Another college cancels student loan debt to settle charges of deceptive and misleading practices.

Illustration of a hand putting US dollar coin into a graduation cap
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New Jersey-based Sollers College is set to cancel $3.4 million in student loans to resolve a government lawsuit charging the for-profit college with engaging in deceptive and misleading practices.

Since 2018, the school has been “falsely touting" its job-placement rates and saying that its relationships with prominent companies would lead to jobs after students graduated, according to a statement by the Federal Trade Commission (FTC). Pfizer, Weill Cornell Medicine and Infosys are among the major companies that Sollers claimed to have partnerships with.

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Jamie Feldman

Jamie Feldman is a journalist, essayist and content creator. After building a byline as a lifestyle editor for HuffPost, her articles and editorials have since appeared in Cosmopolitan, Betches, Nylon, Bustle, Parade, and Well+Good. Her journey out of credit card debt, which she chronicles on TikTok, has amassed a loyal social media following. Her story has been featured in Fortune, Business Insider and on The Today Show, NBC Nightly News, CBS News, and NPR. She is currently producing a podcast on the same topic and living in Brooklyn, New York.