The Biden administration is set to discharge all remaining federal student loans borrowed to attend Corinthian Colleges, which will amount to $5.8 billion in full loan discharges to 560,000 recipients, the U.S. Department of Education announced on June 1.
It comes after Corinthian, which was one of the largest for-profit post-secondary education companies in the United States, faced a string of allegations that it had intentionally deceived, defrauded, and financially exploited students.
