Hundreds of thousands of students who attended the for-profit Corinthian Colleges chain will automatically get their federal student loans canceled.
WASHINGTON — Hundreds of thousands of students who attended the for-profit Corinthian Colleges chain will automatically get their federal student loans canceled, the Biden administration announced Wednesday, a move that aims to bring closure to one of the most notorious cases of fraud in American higher education.
At its peak, Corinthian was one of the nation’s largest for-profit college companies, with more than 100 campuses across the country and more than 110,000 students at its Everest, WyoTech and Heald schools. The case inspired a federal crackdown on for-profit colleges, and the Obama administration promised to forgive loans for Corinthian students whose programs lied about job placement rates. The administration went on to expand a process known as borrower defense to repayment, which allows any defrauded student to apply for debt cancellation.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Federal Student Debt For Former Corinthian Students Will Be ForgivenThe Biden administration says it will forgive all remaining federal student debt for former students of the for-profit Corinthian Colleges chain.
Consulte Mais informação »
Biden administration will cancel student debt for half a million students from Corinthian CollegesAround 560,000 student loan borrowers who attended Corinthian Colleges will soon get their balances cleared, senior Biden administration officials say.
Consulte Mais informação »
Biden administration cancels all remaining student loan debt for 560,000 borrowersThe Biden administration is offering a new round of student loan debt relief for more than half a million borrowers who were students of Corinthian Colleges.
Consulte Mais informação »
Federal student debt erased for ex-Corinthian students“As of today, every student deceived, defrauded and driven into debt by Corinthian Colleges can rest assured that the Biden-Harris Administration has their back and will discharge their feder…
Consulte Mais informação »
Former Corinthian students get federal student debt erasedHundreds of thousands of students who attended the for-profit Corinthian Colleges chain will automatically get their federal student loans canceled.
Consulte Mais informação »
Former Corinthian students get $5.8 billion in student debt erasedUnder the new action, anyone who attended the now-defunct chain once based in Santa Ana from its founding in 1995 to its collapse in 2015 will get their federal student debt wiped clean.
Consulte Mais informação »