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Feds plan to erase debt for Corinthian students

The Columbian
Published: June 9, 2015, 12:00am

The federal government will erase much of the debt of students who attended the now-defunct Corinthian Colleges, officials announced Monday, as part of a new plan that could cost taxpayers as much as $3.6 billion.

Corinthian Colleges was one of the largest for-profit schools when it nearly collapsed last year and became a symbol of fraud in the world of higher education and student loans.

Everest College in Vancouver was bought by Zenith.

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