For-Profit College Grads Now Want Their Loans Erased
More than 7,500 people have asked the federal government to forgive a total of $164 million in student loans.
CBS News reports.
Feeling burned, for-profit college grads want loans erased
For thousands of Americans with student loans, repaying what they owe may be the least of their problems.
More than 7,500 people have asked the federal government to forgive a total of $164 million in student loans, alleging that their colleges defrauded them. Many of the schools in question were for-profit institutions, including Corinthian Colleges. That educational institution liquidated after declaring bankruptcy last year, and a court found that the college was deceptive in promising certain careers to prospective students.
The Department of Education said it can’t estimate how many students will receive debt forgiveness, but the number of people asking for relief could well grow given the tens of thousands of students who attended Corinthian Colleges and other for-profit schools.
Comments
So, since I graduated from a public university with a 4.0, and never even got so much as a job interview, will the government forgive my debts? No?
Found work not requiring a degree and started a business on the side to pay my debts rather than waiting for work “worthy” of my education.