Relief for Students of Corinthian Colleges

Turns out, fraud doesn’t pay

Photo by Nathan Dumlao on Unsplash

Following a series of misdeeds exposed by the Consumer Financial Protection Bureau (CFPB) and state attorneys general that ultimately led to the closure of for-profit schools owned by Corinthian Colleges, the U.S. Department of Education announced it is cancelling $5.8 billion in student loans owed by students who attended the schools. More…