Madigan's office sent out the mass mailing Wednesday to students who attended the
Attorneys general from 43 other states and the
“Students across the country were lured into enrolling in Corinthian schools by company representatives who made false and misleading statements about prospective career opportunities,” Madigan said in a news release Wednesday. “Every one of the students misled by Corinthian deserves to have their federal loans canceled.”
Students who attended Corinthian schools between 2010 and 2014 may be eligible to have their federal loans forgiven.
Corinthian's failure was the catalyst for the Obama administration to reform borrower defense regulations, which were finalized in November.
In her memo to the Federal Student Aid office, DeVos said the Obama efforts were marred by “a myriad of moving deadlines, changing requirements and a lack of consistent objectives.”
Madigan criticized the move in a Tuesday news release, saying, “Revoking these critical reforms sends a message to student loan servicers that poor practices are rewarded over the borrower's best interest.”
Madigan filed a lawsuit in January in
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