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Former Corinthian students get some debt relief

Jun. 30, 2016 3:32 AM ETCorinthian Colleges, Inc. (COCOQ) StockCOCOQBy: Yoel Minkoff, SA News Editor2 Comments
  • The U.S. Education Department has agreed to forgive $171M in debt held by former students of the defunct Corinthian Colleges (OTCPK:COCOQ), which liquidated in bankruptcy last year amid allegations that it advertised fraudulent career success statistics.
  • The government turned to a law known as "borrower defense" and a rule that forgives debt for students whose schools close before they finish their studies.

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