Corinthian ordered to pay $1.17billion because of false advertising.
$820 million to the former loser students and $350 million in civil penalties.
Kamala spanked that Jack ass:)
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Good luck getting anything. This was a default judgment because no one from CCI showed up to defend it.
Hey dumb asswhere is the money coming from to pay for this?
Nope, they will continue to get high and find something else to protest about.
Will the students who get their debt discharged thank us for working hard?
That money isn't coming out of Jack. It's coming from you and me, the tax payers.
And for the last year Zenith did the same thing.
ED does not hand them more cash, but rather ED discharges the debt if the student can show they were defrauded. This case is a good basis for students to claim such fraud, and thus, request student loan discharge.
They will pay it toward their debt like they used the STIPENDS to pay down their loan- my ass They will party, get their weave and nails did... Damn you Kool aid drinkers are still allive.
The money comes from the Department of Ed.
"Students who attended a Corinthian school (Everest, WyoTech, or Heald)—regardless of whether it closed—who believe they were defrauded or that their school otherwise violated applicable state law may be eligible for loan forgiveness (discharge) based on a borrower defense to repayment."
Take a look here-
https://studentaid.ed.gov/sa/about/announcements/corinthian
The company disolved. Where is the money coming from?
Students will likely use this to get their student loan debt discharged.