Biden to address the nation on gun violence, plead with Congress to pass stricter gun laws. Follow our live coverage.
its largest group cancellation of federal loans, forgiving $5.8 billion in debt held by more than 500,000 former students of a defunct for-profit chain, Vice President Harris called it a milestone on a journey for justice for everyone who was defrauded by Corinthian Colleges.
Harris played a key role in investigating Corinthian while California attorney general. “In 2016, after we obtained the judgment against Corinthian, I said then that the least we could do was to give everyone Corinthian took advantage of the relief they deserved,” she said. “I said then that we would do everything in our power to help them.
Harris said Corinthian targeted people it assumed wouldn’t fight back. It called its target demographic “isolated,” Harris said, “people with low self-esteem,” men and women who were “stuck.” All those former students will soon receive notice that those federal loans will be canceled, she said. “That’s real money in the pockets of real people,” Harris said.
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