Obama administration forgives $558 million in student debt

Published January 13, 2017 10:38pm ET



Education Department officials have approved thousands more requests for loan relief from borrowers who claim they were defrauded by the now-defunct Corinthian Colleges and ITT Technical Institutes.

“The department is making continued progress with adjudicating borrower defense claims and processing closed school loan discharges for impacted borrowers,” officials said in a statement Friday afternoon. “To date, more than 28,000 total [Corinthian Colleges Inc.] claims have been approved, representing approximately $558 million in loan relief.”

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