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Student loans canceled for former Corinthian College students

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June 8th, 2022 by Ric Hanson

(Radio Iowa) – The U-S Department of Education has canceled the student loan balances for students who attended the now-closed Corinthian College. Information from Iowa Attorney General Tom Miller says more than 500 Iowa students were eligible for debt cancellation when the for profit school closed in 2015. Miller says a multi-state investigation into Corinthian found that the school lied to students about future job prospects, falsified data on graduate success, and wrongly claimed students could transfer credits to other colleges.

Those students may be for a program known as Borrower Defense to Loan Repayment — which can erase of some or all of their federal student loan debt.