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Md. student loans forgiven in for-profit college settlement

Education Management Corp. settlement also includes record $95M for whistleblower cases

Education Management Corp., the second-largest U.S. for-profit college operator, agreed to settle whistleblower lawsuits in which it’s accused of illegal recruiting practices for $95.5 million, the largest such accord in American history, U.S. Attorney General Loretta Lynch said. The company in addition will forgive more than $100 million in student loan debt originated by the company ...

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