Student loans erased for students preyed upon by Corinthian Colleges
The
federal government
has erased in one action benefitting more than a half-million borrowers to the tune of $5.8 billion.
Payments on federal student loans remain frozen. That pause is set to lift at the end of August.
41 million borrowers benefit from the pause, and the Education Department
Harris secured a judgement against the institution that resulted in $1.1 billion in relief for former students.
560,000 borrowers would be benefit from the cancellation to the tune of nearly $6 billion dollars.
The most wide-reaching revamp was of the Public Service Loan Forgiveness program, which has benefitted nearly 113,000 borrowers.
That group had also led a "student debt strike" in 2015 made up of former students from Corinthian College who said their degrees were fraudulent.
but the battle is not over," Suggs said. "There's way more that we have to do. And at the end of the day, it took way too long."