The for-profit ACI operated in Massachusetts and Maryland before suddenly closing in 2013.
Healey and U.S. Senator Elizabeth Warren (D-Mass.) worked with the U.S. Department of Education on the deal that will allow former students of ACI to have the balance of their loan debt wiped out and to receive refunds on debt payments already made.
The Boston Herald reported that the deal came after the school was sued by Healey "over fraud allegations and admitted to misleading students."