The Department of Education announced Monday that it is implementing a plan to forgive as much as $3.6 billion in student loans given to students attending schools affiliated with the defunct for-profit college chain Corinthian Colleges. Corinthian was once one of the biggest players in for-profit colleges, but abruptly fell apart in 2014 amid accusations that it was inflating graduates’ job placement …
The For-Profit College Scam – Dawn Lueck
This spring, around 100 indebted college grads came up with a novel strategy for dealing with their crushing debt: They simply weren’t going to pay it. These students — the so-called “Corinthian 100″ — attended schools owned by the now-defunct for-profit education conglomerate Corinthian Colleges. With over 100 campuses in the United States and Canada, Corinthian’s schools — including Everest …