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85,000 Corinthian Students Can Get Their Loans Forgiven

Nov. 17, 2015, 11:24 PM

Tens of thousands of borrowers just won the right to get relief on their student loans, following the conclusion of an investigation into defunct for-profit colleges.

On Nov. 17, California Attorney General Kamala Harris and the U.S. Department of Education announced the end of a probe into Corinthian Colleges, a company that once owned more than 100 for-profit colleges and filed for bankruptcy in May 87 PBGCN, 5/6/15, 27 BBLR 659, 5/7/15.

“Corinthian preyed on vulnerable students who are now buried under mountains of student debt,” said Attorney General Harris in an e-mailed statement. On a call with reporters Nov. 17, she said: ...