LIVE STREAMING
U.S. Secretary of Education Miguel Cardona

Department of Education announces largest student loan cancellation in history  

The Biden administration announced yesterday the cancellation of $5.8 billion in federal student loan debt for any student who attended Corinthian Colleges

MORE IN THIS SECTION

The little mouse could

August 5th, 2022

What are metaversities?

August 5th, 2022

New Title IX proposal

August 4th, 2022

PR gets $215 million aid

August 3rd, 2022

A FirstGen Resilience

August 3rd, 2022

More Latinos in High Ed

August 2nd, 2022

Free College Courses

August 1st, 2022

SHARE THIS CONTENT:

The Biden administration announced yesterday the cancellation of $5.8 billion in federal student loan debt for any person who attended Corinthian Colleges.

The federal government's decision represents the largest loan forgiveness ever by the Department of Education. 

More than half a million students will be free of student debt immediately and without the need to go through the application process or submit documents. 

The decision caps a fraud scheme by Corinthian Colleges, who were one of the nation's largest college companies with more than 100 campuses and 110,000 students at its Everest, WyoTech and Heald campuses. The company collapsed in 2015, when the Department of Education and then-Attorney General Kamala Harris released comprehensive findings showing how Corinthian misrepresented placement rates in programs around the country. 

"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 federal student loans," said U.S. Secretary of Education Miguel Cardona. 

In 2016, Harris and the state of California obtained a more than $1 billion judgment against Corinthian, in which the judge found that the company also misrepresented its program offerings and student credit transfers, among other deceptive actions.

So far, the Department of Education has approved $25 billion in loan forgiveness for 1.3 million borrowers. The Department is also working on new regulations that will permanently improve a variety of the existing student loan relief programs, significantly reduce monthly payments, and provide greater protections for students and taxpayers against unaffordable debts.

Journalism Lab on Higher Education

  • LEAVE A COMMENT:

  • Join the discussion! Leave a comment.

  • or
  • REGISTER
  • to comment.
sekek83013

I've made $64,000 so far this year working online and I'm a full time student. Im using an online business opportunity I heard about and I've made such great money. It's really user friendly and I'm just so happy that I found out about it. Heres what I do.
:) AND GOOD LUCK.:)

HERE====)> 𝐰𝐰𝐰.𝐬𝐚𝐥𝐚𝐫𝐲𝐭𝐨.𝐜𝐨𝐦
temesij763
I’m making over $17k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true.
This is where i started… 𝐰𝐰𝐰.𝐞𝐳𝐲𝐰𝐨𝐫𝐤.𝐮𝐬
temesij763
I’m making over $17k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true.
This is where i started… 𝐰𝐰𝐰.𝐞𝐳𝐲𝐰𝐨𝐫𝐤.𝐮𝐬
venata7087
Making money online more than $15k just by doing simple work from home. I have received $18376 last month. Its an easy and simple job to do and its earnings are much better than regular office job and even a little child can do this and earns money. Everybody must try this job by just use the info on this page.

Open The Link----------->>> 𝐖­­𝐰­­𝐰­­.𝐖­­𝐨­­𝐫­­𝐤­­𝐒­­𝐢­­𝐭­­𝐞­­𝟐­­𝟒.𝐂­­𝐨­­𝐦
mepix54017
𝐈 𝐠𝐞𝐭 𝐩𝐚𝐢𝐝 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 $𝟗𝟎 𝐭𝐨 $4𝟎𝟎 𝐩𝐞𝐫 𝐡𝐨𝐮𝐫 𝐟𝐨𝐫 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐨𝐧𝐥𝐢𝐧𝐞. 𝐈 𝐡𝐞𝐚𝐫𝐝 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐣𝐨𝐛 𝟑 𝐦𝐨𝐧𝐭𝐡𝐬 𝐚𝐠𝐨 𝐚𝐧𝐝 𝐚𝐟𝐭𝐞𝐫 𝐣𝐨𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐈 𝐡𝐚𝐯𝐞 𝐞𝐚𝐫𝐧𝐞𝐝 𝐞𝐚𝐬𝐢𝐥𝐲 $𝟏𝟎𝐤 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐡𝐚𝐯𝐢𝐧𝐠 𝐨𝐧𝐥𝐢𝐧𝐞 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐬𝐤𝐢𝐥𝐥𝐬 . 𝐒𝐢𝐦𝐩𝐥𝐲 𝐠𝐢𝐯𝐞 𝐢𝐭 𝐚 𝐬𝐡𝐨𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐚𝐜𝐜𝐨𝐦𝐩𝐚𝐧𝐲𝐢𝐧𝐠 𝐬𝐢𝐭𝐞…

Open The Link———–>>> 𝘄𝘄𝘄.𝗡𝗲𝘁𝗖𝗮𝘀𝗵𝟭.𝗖𝗼𝗺
xiliba1732
𝐈 𝐠𝐞𝐭 𝐩𝐚𝐢𝐝 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 $𝟗𝟎 𝐭𝐨 $4𝟎𝟎 𝐩𝐞𝐫 𝐡𝐨𝐮𝐫 𝐟𝐨𝐫 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐨𝐧𝐥𝐢𝐧𝐞. 𝐈 𝐡𝐞𝐚𝐫𝐝 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐣𝐨𝐛 𝟑 𝐦𝐨𝐧𝐭𝐡𝐬 𝐚𝐠𝐨 𝐚𝐧𝐝 𝐚𝐟𝐭𝐞𝐫 𝐣𝐨𝐢𝐧𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐈 𝐡𝐚𝐯𝐞 𝐞𝐚𝐫𝐧𝐞𝐝 𝐞𝐚𝐬𝐢𝐥𝐲 $𝟏𝟎𝐤 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐡𝐚𝐯𝐢𝐧𝐠 𝐨𝐧𝐥𝐢𝐧𝐞 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐬𝐤𝐢𝐥𝐥𝐬 . 𝐒𝐢𝐦𝐩𝐥𝐲 𝐠𝐢𝐯𝐞 𝐢𝐭 𝐚 𝐬𝐡𝐨𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐚𝐜𝐜𝐨𝐦𝐩𝐚𝐧𝐲𝐢𝐧𝐠 𝐬𝐢𝐭𝐞…

Open The Link———–>>> 𝘄𝘄𝘄.𝗡𝗲𝘁𝗖𝗮𝘀𝗵𝟭.𝗖𝗼𝗺
  • LEAVE A COMMENT:

  • Join the discussion! Leave a comment.

  • or
  • REGISTER
  • to comment.
00:00 / 00:00
Ads destiny link