Kamala Harris urges debt forgiveness for Corinthian students

As reported by the Sacramento Bee:

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Joining a group of student loan recipients who have refused to repay tens of thousands in debt they racked up at schools owned by Corinthian Colleges, Attorney General Kamala Harris is calling upon the federal government to forgive loan debt for borrowers who attended the troubled for-profit chain.

In a letter to U.S. Secretary of Education Arne Duncan released Thursday, Harris and the attorneys general of eight other states urged the Department of Education to “immediately relieve borrowers of the obligation to repay federal student loans that were incurred as a result of violations of state law by Corinthian Colleges, Inc.”

“Through their predatory practices, these unscrupulous for-profit schools have co-opted a public loan program intended to increase access to higher education and left hundreds of thousands of students in financial ruin,” the letter states. …

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