Education to date, at a cost of $40 million to taxpayers, according to areport released on Thursday by Joseph A. Smith, the "special master" overseeing the discharges. Thousands more are in line for debt relief.
To date, almost 8,000 students who attended now-shuttered campuses of the defunct career-college system have applied to have their debts forgiven. And 4,140 students at Corinthian Colleges Inc. and other colleges have filed "borrower defense" claims seeking to have their debts discharged on the grounds that they had been defrauded by the institutions.
Read more at The Chronicle of Higher Education: http://chronicle.com/article/US-Has-Forgiven-Loans-of/232855