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White House cancels $5.8B in student loans for former Corinthian College students

Summary by Ground News
The move aims to bring closure to one of the most notorious cases of fraud in American higher education. It will erase $5.8 billion in debt for more than 560,000 borrowers, the largest single loan discharge in Education Department history. The action does not apply to loans that have already been paid off in full.
2 months ago·Washington, United States

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Times of India

Biden Administration cancels federal loans for all Corinthian students

Joe Biden-led US government has decided to waive off all the remaining debt of Corinthian Colleges students. Corinthian Colleges had deceived and defrauded several students by making false claims over placement and job records.

2 months ago·Mumbai, India
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Reuters

U.S. to cancel all remaining student loans used for bankrupt Corinthian Colleges

WASHINGTON - The U.S. Department of Education on Wednesday said it will cancel all remaining federal student loans used to attend any campus owned by for-profit Corinthian Colleges Inc, which shut down in 2015 amid investigations into whether it misled investors and students. The decision, to be announced by Vice President Kamala Harris on Thursday, will result in $5.8 billion in full

2 months ago·United Kingdom
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The Independent

Biden to cancel nearly $6bn in student loan debt for Corinthian Colleges attendees

Administration’s move marks single-largest debt forgiveness plan yet

2 months ago·London, United Kingdom
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USA Today

Billions in student loans erased for students preyed upon by Corinthian Colleges; most relief yet by White House

Over a half-a-million people who attended Corinthian Colleges will have their debt erased. It's the most debt the federal government has canceled.

2 months ago·United States
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Washington Times

Former Corinthian students get federal student debt erased

It will erase $5.8 billion in debt for more than 560,000 borrowers, the largest single loan discharge in Education Department history, according to the agency.

2 months ago·Washington, United States
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abc News

Student loan debt wiped clean for former Corinthian students

The Biden administration is aiming to bring closure to one of the most notorious cases of fraud in American higher education

2 months ago·United States
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