You old-timers may remember I used to work for one of these for-profit predators and got booted because I wouldn’t lie to prospective students. I am happy to see this happen:
The Education Dept & VP Harris are going to announce tomorrow that all loans from defunct, predatory for-profit college Corinthian Colleges will be canceled entirely, and all payments made on outstanding loans refunded. Expected $5.8 billion in relief. Story soon–
— David Dayen (@ddayen) June 1, 2022
Corinthian College was fined $30 million for perpetrating a $6 billion dollar fraud.
CEO Jack Massimino who made millions in salary while participating in the fraud was fined $8o thousand dollars.
Justice?