Attorney General Raoul Applauds Over $220 Million In Relief To Thousands Of Defrauded Illinois Students
CHICAGO – Attorney General Kwame Raoul today applauded the U.S. Department of Education’s decision to discharge $5.8 billion in federal student loans held by former students of Corinthian Colleges Inc., which operated in Illinois as Everest College. As part of the relief for borrowers, the federal government will discharge more than $220 million in loans for over 26,000 defrauded Illinois borrowers, regardless of whether they submitted an individual application for relief to the Department of Education. Impacted borrowers will not need to do anything to receive relief. “For years, Corinthian intentionally deceived Illinois students with false claims about future job prospects, leaving students unqualified for their career fields and with mountains of debt,” Raoul said. “This long-awaited relief will enable thousands of former Corinthian students to move on with their lives after being intentionally mislead and defrauded." Under the Department of Education’s