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Biden allows student loan debt for Corinthian College borrowers

Former Corinthian College students have been granted $ 5.8 billion in student loans, what the US Department of Education calls “the largest single loan cancellation” in its history.

At one point, Corinthian included 105 campuses with more than 110,000 students, including Everest College in West Valley City. It was a private private university.

In 2010, Three ex-students sued Everest College in Utah’s Third District CourtAlleges that schools have committed fraud by misleading them about the ability to transfer credits to other schools and the cost of their programs. According to court documents, each student had accumulated about $ 30,000 in student loan debt.

The proceedings were later transferred to federal court, but according to court records, they were dismissed in 2012 and each party was ordered to bear its own attorney’s fees.

Corinthian campuses in other states operated under the names of Wyoming Institute of Technology and Hield University.

Vice President Kamala Harris, while being the Attorney General of California, has begun investigating Corinthian’s activities. According to the Ministry of Education, the study played an important role in producing findings for commercial university chains and “overall work to repay loans of borrowers damaged by fraud.” ..

“As of today, all students deceived, deceived and owed by Corinthian University can rest assured that the Biden Harris administration has their backs and will repay the federal student loan.” Secretary Miguel Cardona press release.

“For too long, Corinthian has engaged in large-scale economic exploitation of students and misleads them into taking on more and more debt to pay promises they never keep. Actions reduce the burden on Corinthian University victims, but the Ministry of Education is proactive to better protect today’s students from tactics and prevent commercial institutions and the companies that own them from escaping again. In strengthening surveillance to such abuse. “

Corinthian Colleges Inc. operated from 1995 to April 2015.

Borrowers who need information on whether they are eligible for a loan can call the Ministry of Education’s Free Borrower Defense Hotline (1-855-279-6207) or visit: studentaid.gov/borrower-defense.

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https://www./utah/2022/6/2/23151912/biden-administration-forgives-student-loans-corinthian-colleges-debt Biden allows student loan debt for Corinthian College borrowers

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