Finance
January 1, Biden Administration Cancels $5.8B of Debt
The Biden administration announced that it’s canceling $5.8 billion in federal student loan debt for borrowers who attended the now-defunct for-profit Corinthian Colleges chain.
“As of today, every student deceived, defrauded and driven into debt by Corinthian Colleges can rest assured that the Biden-Harris Administration has their back and will discharge their federal student loans,” Education Secretary Miguel Cardona said.
“For far too long, Corinthian engaged in the wholesale financial exploitation of students, misleading them into taking on more and more debt to pay for promises they would never keep.”
According to a report, the former Corinthian students were already eligible for debt cancellation, but the process was confusing and not widely known.
-
Featured3 months agoBiden Abruptly Starts Yelling During Press Conference (Videos Inside)
-
Entertainment4 months agoWhoopi Goldberg’s “Wildly Inappropriate” Commentary Forces “The View” into Unscheduled Commercial Break
-
Featured3 months agoUS Advises Citizens to Leave This Country ASAP
-
Entertainment3 months agoLate Night Host is Getting Canceled After Staffers Speak Out
-
Featured3 months agoFox’s TV License Renewal At Risk Amid Unprecedented FCC Scrutiny
-
Featured3 months agoBenghazi Hero: Hillary Clinton is “One of the Most Disgusting Humans on Earth”
-
Featured3 months agoFox News Calls Security on Donald Trump Jr. at GOP Debate [Video]
-
Finance3 months agoTaxpayer Alert: Lawmakers Approve $750 Monthly Handouts
David in MA
June 6, 2022 at 4:20 pm
Unconstittional, he cannot do this!
Johnny Edward
June 7, 2022 at 4:08 pm
So, a college that no longer exits, like many colleges and universities stuck it to the kids skated with the government’s money and Biden is skipping their government part. That is a gift to those who got a degree from Corinthian, provided they even applied their trade. Be sure that Biden never, ever gives away anything without a catch. This is a back door to try to let all debts go, even though the majority of Americans disagree with this wasteful spending.