Biden & Co. has decided to step up their game….
The President has been ducking doing ANYTHING on student loans…
(This case involves VP Harris’s action when she was the California Attorney General also)
He just changed that…
There appears to be more coming on the student loan situation….
“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 in a news release. “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.”
Vice President Harris, who played an instrumental role in the investigation of Corinthian as California attorney general, is scheduled to join Cardona at the department on Thursday for remarks about the announcement.
Corinthian was once a giant in the for-profit sector, enrolling more than 110,000 students at 105 campuses at its peak in 2010. But the company became the poster child for the worst practices in the sector, with high loan defaults and dubious programs. Clouded by allegations of deceptive marketing and lying to the government about its graduation rates, Corinthian lost its access to federal funds in 2014, forcing the company to sell or close its schools….