$5.8 billion for former corinthian students

From Inside Higher Ed: “The Education Department will automatically discharge $5.8 billion in federal student loans owed by over 560,000 borrowers who attended any campus operated by Corinthian Colleges, a for-profit education company that was found guilty of defrauding students. … This is the second mass group discharge of federal student debt accumulated by students who attended predatory for-profit colleges in history, following the group discharge for 28,000 students who attended Marinello Schools of Beauty by the department in April. The Corinthian discharge is 20 times larger than that of the Marinello Schools, making it the largest group discharge of student debt in history.”

View the full article from Inside Higher Ed.

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