Home United States USA — Science Obama-era rule leads to $150M in student loan forgiveness

Obama-era rule leads to $150M in student loan forgiveness

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The amount includes about $80 million for former students of the defunct Corinthian Colleges for-profit chain, which collapsed in 2015.
The U. S. Education Department says it will start forgiving federal loans for 15,000 former students whose colleges closed before they could graduate.
Department officials say the $150 million in loans will automatically be wiped clean, including about $80 million for former students of the defunct Corinthian Colleges for-profit chain, which collapsed in 2015.

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