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Chicago Sun-Times
Chicago Sun-Times
National
Lynn Sweet

Corinthian Colleges federal student loan debt canceled: Impacts 26,000 Illinois borrowers

Corinthian Corinthian Colleges Ill Illinois Education Department Dick Durbin Department Kamala Harris
This 2013 photo is of then-California Attorney General Kamala Harris announcing the filing of a lawsuit against the for-profit Corinthian Colleges and its subsidiaries for alleged false advertising, securities fraud, intentional misrepresentations to students and the unlawful use of military insignias in advertisements. (Justin Sullivan/Getty Images)

WASHINGTON — The Education Department on Wednesday announced it will cancel all federal student loans borrowed to attend any campus owned or operated by the now defunct Corinthian Colleges, a for-profit school which operated in Illinois — and the subject of multiple investigations for exploiting students.

The debt discharge covers remaining federal loans from the founding of the school in 1995 through its April 2015 closure.

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