Borrower Defense

The sale of Corinthian campuses to ECMC continues to raise serious concerns, but the terms announced today include significant new debt relief for tens of thousands of Corinthian students and new safeguards to protect students and taxpayers from fraud in the future.

As the Department of Education works on a final rule to stop federal funding for career education programs that over-promise and under-deliver, it needs to close loopholes to prevent unscrupulous colleges from gaming the system.