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Now-closed Mid-Continent University settles with attorney general's office over student loans

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FRANKFORT, Kentucky — The state attorney general's office says it's reached a settlement with Mid-Continent University that requires the now-closed school to offer loans matching terms of federal student loans for remaining balances from 2011 to 2014.

The attorney general's office said Monday that the school is also required to offer balance discharges or loan forgiveness to qualified students.

The university did not immediately return a voice message Monday. A news release from the attorney general's office said the school denied wrongdoing or violation of law but entered into compliance to resolve the matter.

Affected students should receive a letter from the school within about a week.

A lawyer for the school told a bankruptcy judge last month that the school intended to put its campus north of Mayfield up for sale.

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