WasteOfTheDay: $5.8B Student Debt from Fraudulent Colleges Erased

The 560,000 people who had enrolled in Corinthian College and still have student loan balances will have their debt, about $5.8 billion total, wiped clean by the U.S. Education Department.

The for-profit Corinthian, which operated from 1995 to 2015, committed one of the most notorious cases of fraud in American higher education, the Associated Press said.

OpentheBooks.com

 

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