This situation appears to be mirroring last year's collapse of the Corinthian colleges. Unfortunately in that situation little was done to keep the students and employees informed. From the perspective of a long time community college faculty member, we did what we could to help students but the issue was generally decided by students not to continue to pursue their educational goals because the debt forgiveness was only provided for those who made a decision not to continue their current education focused path.
As unsettling as this is, I'd strongly recommend reaching out to your local community college and see if there are opportunities for you to continue your education towards a meaningful career and technical education pathway where there are "high wage/ high demand" opportunities. In other words, pay attention to the job boards (e.g. Dice, etc.), before making a career pathway decision.