Comment on Biden administration wipes clean loan debt for students of shuttered for-profit college

Biden administration wipes clean loan debt for students of shuttered for-profit college

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 says, aiming to bring closure to one of the most notorious cases of fraud in American higher education. Anyone who attended the now-defunct chain from its founding in 1995 to its collapse in 2015 will get his or her federal student debt wiped clean.

 

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