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June 9, 2015

U.S. to Forgive Loan Debt for Corinthian Colleges Students 
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The Obama administration has announced it will forgive the federal loans
of tens of thousands of students who attended schools run by the
for-profit chain Corinthian Colleges, which shut down last month amidst
scrutiny over fraud and predatory lending. The move follows protests by
hundreds of former Corinthians students who refused to pay back their
loans. Student activists had sought blanket relief of the loans, but the
Education Department's plan will instead force students to seek out and
apply for debt forgiveness.

 

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