It’s unwelcome news for students who attended defunct for-profit chains Corinthian Colleges and ITT Technical Institute. The U.S. Education Department is considering only partially forgiving federal loans issued to those students.
Corinthian Colleges once owned more than 90 schools across the United States, enrolling students in programs like medical billing and criminal justice. Now, the for-profit company has been shut down, fined by the federal government for the tactics it used to recruit students. In reporting that story, On Campus met with graduates of a Corinthian-owned school working with the state of Massachusetts to try to get their federal student loan debt erased.
The federal government is poised to forgive college loans for thousands of students who attended Corinthian Colleges, the now defunct for-profit giant under investigation for misleading students about graduation and employment rates. Many of these students not only have loans, but are also unable to find jobs.
The Obama administration is making it easier for students who attended a now defunct college to get their money back.
The Department of Education announced Monday that former students of the for-profit giant Corinthian Colleges may be able to have their outstanding student loans forgiven. If a student believes they were the victim of fraud, they can also make a claim for debt relief.