Over a month ago, the Education Department announced that it would “forgive loans” taken out by 500,000 students of Corinthian, a sprawling network of for-profit colleges. Corinthian had lured students with false hopes of career training and an entryway into the middle class, but only gave them substandard educations, worthless diplomas, no resources for employment, and tens of thousands of dollars in debt... By David Dayen.
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