Political and Legislative
The White House Cancels $5.8 Billion in Corinthian College Student Loan Debt
The Biden administration is planning to discharge all outstanding federal student loans borrowed by former Corinthian Colleges students, providing $5.8 billion in loan cancellations to 560,000 borrowers.
The group loan discharge applies to all former students who attended any campus owned or operated by Corinthian Colleges Inc. since the company was founded in 1995 through its closure in 2015.
The Hill first reported earlier on Wednesday that the Biden administration was planning to administer widespread relief for former Corinthian students, citing multiple sources.
