Obama administration has forgiven $171 million owed by former Corinthian students
Source: Los Angeles Times
The U.S. Department of Education has agreed to forgive $171 million of debt owed by former students of the bankrupt for-profit school Corinthian Colleges Inc., most of them in California.
The government said Wednesday that it has granted relief to 11,173 students who attended one of the defunct Santa Ana companys colleges, which included Heald, Everest and WyoTech.
Of the students who have filed claims, nearly 9,700 reside in California -- far more than in any other state according to a report released Wednesday by the official overseeing the claims. The average amount of relief per student was $15,280.
The number of students receiving debt relief -- and the bill for taxpayers -- probably will rise as government investigators continue to look at thousands of other students claims.
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Read more: http://www.latimes.com/business/la-fi-corinthian-loan-forgiveness-20160629-snap-story.html
By Melody Petersen
JUNE 29, 2016, 5:42 PM
PSPS
(13,590 posts)Scruffy1
(3,255 posts)Ilsa
(61,694 posts)welivetotreadonkings
(134 posts)My guess is that these kids would be screwed if we had a President McCain or Romney right now.
winstars
(4,219 posts)yourpaljoey
(2,166 posts)Never drive your 1975 Chrysler Cordoba without it!