Biden admin cancels all remaining student loan debt for 560,000 borrowers

The Biden administration is offering a new round of student loan debt relief for more than half a million borrowers who were students of Corinthian Colleges.

The action will see $5.8 billion in full loan discharges for 560,000 borrowers, marking the single largest loan discharge in the history of the Department of Education, and brings the total student debt relief extended by the administration to $25 billion.

Advertisement

Corinthian operated from 1995 to 2015. In 2013, then-California Attorney General Kamala Harris sued Corinthian before carrying out a full investigation, which found “comprehensive” wrongdoing carried out against students across the nation, including lying to prospective students about graduation and job placement rates.

Join the conversation as a VIP Member

Trending on HotAir Videos

Advertisement
Advertisement
Advertisement