5 years ago
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The Education Department Is Canceling $150 Million Of Student Loan Debt
The U.S. Department of Education is sending emails to about 15,000 people around the country telling them: You've got money. These are former students — and some parents of students — who took out loans for colleges that shut down between Nov. 1, 2013, and Dec. 4, 2018. About half attended campuses run by Corinthian Colleges. They will get their money back or have their debt forgiven — an amount estimated at $150 million, all told — under a provision called Automatic Closed School Discharge.
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That should take care of it. Only $1.465 trillion in outstanding U.S. student loan debt to go. Thanks, Trump.