For Now, Education Dept. Won’t Act Against Former Corinthian Students in Default

By Andy Thomason. The U.S. Education Department has agreed not to take legal action against former students of the defunct Corinthian Colleges who have defaulted on their student loans, Reuters reports. The department also won’t attempt to collect the debt owed by former Corinthian students for 120 days. Last month the department announced a plan through which it would allow former Corinthian students to apply to have their debt forgiven. More...