Former Corinthian Students Get Federal Student Debt Erased

The U.S. government is erasing nearly $6 billion in student loans for those who attended the bankrupt Corinthian Colleges. This is the largest single action of debt cancellation, affecting over half a million students. The move comes as President Biden considers broader student loan forgiveness measures.

What is the total amount of student loans being erased for Corinthian Colleges?

What is the nature of the debt being erased?

How many students are impacted by the cancellation of student loans?

What makes this cancellation of student loans notable?

What significant action is President Biden considering regarding student loans?