{"id":456400,"date":"2022-06-02T05:05:43","date_gmt":"2022-06-02T02:05:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/former-corinthian-students-get-federal-student-debt-erased\/"},"modified":"2022-06-02T05:05:43","modified_gmt":"2022-06-02T02:05:43","slug":"former-corinthian-students-get-federal-student-debt-erased","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/former-corinthian-students-get-federal-student-debt-erased\/","title":{"rendered":"#Former Corinthian students get federal student debt erased"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3be6c643885\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3be6c643885\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/former-corinthian-students-get-federal-student-debt-erased\/#%E2%80%9CFormer_Corinthian_students_get_federal_student_debt_erased%E2%80%9D\" >&#8220;Former Corinthian students get federal student debt erased&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CFormer_Corinthian_students_get_federal_student_debt_erased%E2%80%9D\"><\/span>&#8220;Former Corinthian students get federal student debt erased&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>The White House has announced the cancellation of billions of dollars in federal student loan debt for students who attended the now-defunct Corinthian Colleges chain in what is the largest loan elimination in the Department of Education\u2019s history.<\/p>\n<p>The sweeping move will erase a whopping $5.8 billion for 560,000 borrowers who attended the schools from 1995, when it was founded, to 2015 when it collapsed, the DOE said Wednesday.<\/p>\n<p>The for-profit Corinthian Colleges shut down after the Obama administration discovered widespread fraud, including multiple campuses falsifying data on the success of their graduates.<\/p>\n<p>\u201cAs of today, every student deceived, defrauded and driven into debt by Corinthian Colleges can rest assured that the Biden-Harris Administration has their back and will discharge their federal student loans,\u201d Education Secretary Miguel Cardona said.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-723.jpg?w=1024\" alt=\"Education Secretary Miguel Cardona\" class=\"wp-image-22500359\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-723.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-723.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-723.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Education Secretary Miguel Cardona speaks during the 2022 National and State Teachers of the Year event on Apr. 27, 2022. <\/figcaption><figcaption><span class=\"credit\">AP\/Susan Walsh<\/span><\/figcaption><\/figure>\n<p>\u201cFor far too long, Corinthian engaged in the wholesale financial exploitation of students, misleading them into taking on more and more debt to pay for promises they would never keep,\u201d said Cardona.<\/p>\n<p>Borrowers who have a remaining balance on their debt will also get refunds on payments already made, Education Department officials said. But the students who already paid off all their debt are out of luck.<\/p>\n<p>Hundreds of students told investigators they were promised cushy jobs after graduation but instead ended up with lousy prospects, including working at grocery stores and fast food chains. Corinthian also falsely told students their course credits could be transferred to other colleges, federal officials said at the time.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-722.jpg?w=1024\" alt=\"Kamala Harris\" class=\"wp-image-22500358\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-722.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-722.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-722.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Vice President Kamala Harris noticed the false data of graduation rates.<\/figcaption><figcaption><span class=\"credit\">AP\/Eric Risberg<\/span><\/figcaption><\/figure>\n<p>\u201cThis is a tremendous student victory, and it belongs to the tens of thousands of borrowers who were cheated and abused by Corinthian Colleges,\u201d said Eileen Connor, director of the Project on Predatory Student Lending, which has represented Corinthian students in lawsuits. \u201cThey never stopped fighting \u2014 over three administrations \u2014 for the justice they deserve under the law.\u201d<\/p>\n<p>The Biden administration\u2019s move comes as the Democrat considers larger student loan forgiveness for millions, including wiping at least $10,000 in loans for borrowers.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-721.jpg?w=1024\" alt=\"Diploma\" class=\"wp-image-22500357\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-721.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-721.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-721.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The new action will erase $5.8 billion in debt for more than 560,000 borrowers.<\/figcaption><figcaption><span class=\"credit\">AP\/David Goldman<\/span><\/figcaption><\/figure>\n<p>Education Department officials reported in December it had more than 109,000 pending <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications from students that accused their colleges of fraud, including many from Corinthian.<\/p>\n<p>Tens of thousands of ex-Corinthian students were already eligible for debt cancellation, but had to undertake an application process that was confusing and not well known, advocates said.<\/p>\n<p>Corinthian, at one time, boasted more than 100 campuses across the country and more than 110,000 students at three of its colleges.<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/01\/former-corinthian-students-get-federal-student-debt-erased\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Former Corinthian students get federal student debt erased&#8221; The White House has announced the cancellation of billions of dollars in federal student loan debt for students who attended the now-defunct Corinthian Colleges chain in what is the largest loan elimination in the Department of Education\u2019s history. The sweeping move will erase a whopping $5.8 billion&#8230;<\/p>\n","protected":false},"author":1,"featured_media":456401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/corinthian-college-720.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129804,71522,71442,72134,10574,80241],"class_list":["post-456400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-1-22","tag-college-tuition","tag-colleges","tag-debt","tag-education","tag-student-loans"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/456400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=456400"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/456400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/456401"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=456400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=456400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=456400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}