June 1, 2022
Arlington, VA – Earlier today, the U.S. Department of Education announced the largest single federal student loan discharge in the Department’s history for students who borrowed to attend campuses owned or operated by Corinthian Colleges since its founding in 1995. Full loan discharges will be received by 560,000 borrowers, including students who have not applied for a borrower defense discharge.
“Students intentionally deceived by their college and who were financially harmed are entitled to appropriate relief regardless of whether the related actions are perpetrated by a public, nonprofit, or for-profit institution. The actions by Corinthian, which shuttered more than seven years ago, do not represent all private career schools and the students whose credentials have been a springboard to social and economic mobility,” said CECU’s President and CEO, Dr. Jason Altmire. “The Department and others should not conflate the actions of one organization with an entire sector that has provided opportunities for millions of students and contributed to our nation’s workforce.”
About Career Education Colleges and Universities
Career Education Colleges and Universities (CECU) is the national association serving the proprietary higher education sector.
Please direct media inquiries to Jenny Faubert, VP of Communications at Jenny.Faubert@career.org.