Around 560,000 student loan borrowers who attended Corinthian Colleges will soon get their balances cleared, senior Biden administration officials say.
Formerly one of the largest for-profit education companies, the schools have been accused of predatory and unlawful practices, and faced numerous lawsuits.
Teachers line up to enter Everest College, one of the Corinthian Colleges that closed, for a meeting and opportunity to collect their personal items, in City of Industry, Calif., April 27, 2015.The Biden administration plans to cancel all outstanding student loans for those who attended Corinthian Colleges, formerly one of the largest for-profit education companies, the U.S. Department of Education announced on Wednesday.
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