FRANKFORT Attorney General Andy Beshear announced Friday a consumer protection settlement benefiting nearly 700 students in Kentucky and Southern Indiana who attended one of the states for-profit colleges, Spencerian.
Under the terms of the settlement, Sullivan University, which owned Spencerian, has agreed to forgive more than $1.7 million in private loan debt and provide other benefits to 668 students who attended Spencerian and received an institutional student loan between Jan. 1, 2007, through Dec. 31, 2011.
Beshears office finalized the settlement with Sullivan on Jan. 3, 2019.
The nearly 700 students who rece…
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