ENEWS PARK FOREST: Duped by For-Profit Schools, Students Gain Big Allies in Push for Loan Forgiveness

Career College Central Summary:

  • Massachusetts Attorney General Maura Healey has asked the U.S. Department of Education to forgive the debt of hundreds of students who were forced into loans and thousands of dollars in tuition payments by the failing for-profit Corinthian Colleges.
  • "Schools should not obtain public monies based on actions in violation of state law, and students should not be required to pay for such violations," Healey wrote in a recent letter to the Department of Education. "Based on our investigative findings, we believe the federal loans of Corinthian students in Massachusetts should be canceled."
  • Healey joins the growing call, spearheaded by Sen. Elizabeth Warren (D-Mass.), to forgive Corinthian student loan debts. Warren has previosly slammed the for-profit college company as predatory and criticized the government for subsidizing an industry that is "ripping off young people… who are the first in their family to graduate from college."
  • In December, Warren and 12 other senators also wrote a letter (pdf) to the Department of Education, demanding that officials create a way for students to relieve their financial burdens when taken advantage of by schools like Corinthian.
  • "Without such a process, duplicitous colleges are free to break the law, to suck down billions in federal student loan dollars, to treat students unfairly — and to stick borrowers with the bill,"the letter from the senators stated. "This is exactly what we have seen at Corinthian Colleges. If the department fails to act, we will undoubtedly see it again."

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