Feds offer debt relief to more former Corinthian students

[WhiteTara]

http://news.yahoo.com/feds-offer-debt-relief-more-former-corinthian-students-191407457.html

BOSTON (AP) — The U.S. Department of Education is offering debt forgiveness to another wave of students who attended Corinthian Colleges, the now-defunct chain of for-profit schools that had campuses across the country.

After agreeing to erase the debt of more than 7,000 students in December, the department announced on Friday that students from 91 additional campuses in 20 states can now apply for debt relief. Students who attended those schools, which operated as Everest or WyoTech, can apply for relief on the department's website.

Education Secretary John B. King Jr. made the announcement on Friday in Boston, saying that college students who invest their time and energy have a right to expect high-quality degrees.

"Unfortunately, we have institutions like Corinthian that have been motivated more by profit then by the interests of students," King said.

Corinthian was one of the largest for-profit schools before it sold many of its campuses and closed others last year amid accusations of fraud. Investigators said the schools charged exorbitant fees, lied about job prospects for graduates and sometimes told students to lie about their circumstances to get more federal financial aid.