 Part of the settlement forgives more than $100 million in student loans to students who left Brown Mackie within 45 days of their first term between 2006 and 2014.Each qualifying former student and each of the credit reporting agencies were to be notified of the settlement, and the settlement will be paid through 2022.Leaseback

Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it.