85,000 Corinthian Students Can Now Get Their Loans Forgiven On a Fast Track

Tens of thousands of borrowers just won the right to get relief on their student loans, following the conclusion of an investigation into defunct for-profit colleges. On Tuesday, California Attorney General Kamala Harris and the U.S. Department of Education announced the end of a probe into Corinthian Colleges, a company that once owned more than 100 for-profit colleges and filed for bankruptcy in May.

“Corinthian preyed on vulnerable students who are now buried under mountains of student debt,” said Attorney General Harris in an e-mailed statement. On a call with reporters Tuesday, she said: "These students held up their end of the bargain. They worked hard, they paid for school and took on debt, making sacrifices, believing they were doing the right thing. I think the least we can do now is give them the relief they deserve."