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Kamala Harris

Gov't makes it easier for Corinthian students to erase debt

The federal government will make it easier for more students who attended the now-defunct Corinthian Colleges to get rid of their federal loans, officials announced Monday, as part of a new plan that could cost as much as $3.6 billion. Corinthian Colleges was one of the largest chains of for-profit colleges when it nearly collapsed last year and became a symbol of fraud in the world of higher education and student loans. According to investigators, Corinthian schools charged exorbitant fees, lied about job prospects for their graduates and, in some cases, encouraged students to lie about their circumstances to get more federal aid. In a plan orchestrated by the Department of Education,...

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