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US to Cancel $5.8 Billion Student Debt From College That Harris Once Sued

  • US to cancel $5.8 billion in debt from defunct Corinthian
  • Vice president sued the defunct school as California AG
Kamala Harris announced the filing of a lawsuit against Corinthian Colleges in San Francisco in 2013.
Kamala Harris announced the filing of a lawsuit against Corinthian Colleges in San Francisco in 2013.Photographer: Justin Sullivan/Getty Images 

The US will forgive $5.8 billion in outstanding debt for students of defunct Corinthian Colleges Inc. who the government says were deceived and defrauded -- a major loan cancellation that comes as President Joe Biden considers a more widespread proposal.

Vice President Kamala Harris, who sued Corinthian as California’s attorney general, will make the announcement Thursday, fully discharging the loans held of a total of 560,000 borrowers.