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DEAL FORGIVES $3M IN ILLINOIS STUDENT DEBT

About 2,700 Illinois students will have $3 million in loans forgiven by a for-profit education company as part of a national settlement deal announced Monday. The U.S. Justice Department took action against Education Management Corporation over its recruiting and enrollment practices. The state of Illinois will also receive $1.9 million, said Illinois Attorney General Lisa Madigan, as reported by the Chicago Tribune.

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