85,000 Corinthian Students Can Get Their Loans Forgiven

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: ...