A coalition of people who say they were defrauded by Corinthian Colleges, ITT Technical Institutes, Art Institutes and other for-profit colleges are urging the Obama administration to cancel their debt before Donald Trump takes office.
The group worries that the president-elect will end efforts to discharge the federal student loans of tens of thousands of former for-profit college students who have been fighting for debt relief for years. Trump’s ties to for-profit real estate seminars, the subject of a $25 million fraud settlement, has them convinced that his rise to power puts their chances at loan forgiveness in jeopardy. His transition team did not respond to requests for comment.
Read more at The Washington Post: https://www.washingtonpost.com/news/grade-point/wp/2016/12/05/for-profit-college-students-make-a-last-ditch-attempt-at-faster-debt-relief/