• Student-loan borrowers defrauded by Corinthian were promised $5.8 billion in relief 'immediately.' 6 months later Biden's Education Department says it'll take 'some time.'

    5 days ago - By Business Insider

    College graduates. Robyn Beck/AFP via Getty Images
    In June, the Education Department approved a $5.8 billion loan discharge for former Corinthian students.
    Education Secretary Miguel Cardona said impacted borrowers would see relief "immediately."
    Six months later, borrowers are still waiting, and the department said relief will now take "some time."
    Lawsuits blocking President Joe Biden's broad student-loan forgiveness are not the only reason some borrowers are in limbo. Kevin was a student of now-defunct for-profit chain Corinthian Colleges from 2004 to 2006, who requested his last name...
    Read more ...