Student Loan Debt Cancellations Begin to ‘Leak Out’ in WA State

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Claiming a Northwestern and Washington state post-secondary education system engaged in ‘deceptive’ conduct, WA State Attorney General Bob Ferguson announced the dismissal of $158 million in charges student loan.

Corinthian College engaged in deceptive practices, claims Ferguson

According to information from the AG’s office:

“The U.S. Department of Education unloaded $5.8 billion in nationwide student loans for Corinthian College students across the country. Ferguson had been calling for this federal government action since 2016. He claimed , and the federal government ultimately agreed, that every borrower who participated in Corinthian was the subject of unlawful conduct.”

Ferguson said Corinthian operated a variety of campuses in Washington state, before they were sold to Zenith in 2016. the week.

However, despite this unique and certain situation, some education and finance experts say it may be a sign of things to come from the Biden administration. A number of officials think they should move forward with more extensive student loan forgiveness programs.

The number of people affected in Washington State by this action is 16,850, with the total amount of loans written off totaling $157.9 million.

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