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Kamala Harris

Gov't to erase debt for more Corinthian students

Gov't to erase debt for more Corinthian students

The federal government will erase much of the debt of students who attended the now-defunct Corinthian Colleges, officials announced Monday, as part of a new plan that could cost as much as $3.6 billion. Corinthian Colleges was one of the largest chains of for-profit colleges when it nearly collapsed last year and became a symbol of fraud in the world of higher education and student loans. According to investigators, Corinthian schools charged exorbitant fees, lied about job prospects for their graduates and, in some cases, encouraged students to lie about their circumstances to get more federal aid. In a plan orchestrated by the Department of Education, some of the Corinthian schools...

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