Obama Administration’s Race to Handle For-Profit College Student Debt

Having unexpectedly found itself handing off the baton to a Republican administration in January, the U.S. Department of Education is racing to finish a slate of Obama administration priorities. But few of the department’s remaining tasks are as daunting as processing thousands of debt-relief claims filed by former students of closed for-profit colleges. Since the closure of Corinthian Colleges in 2015, the department has received tens of thousands of such applications to have loans discharged under a previously little-used borrower defense statute.