Senator Warren Wants Former Students to Stop Paying ‘Fraudulent Debts’

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Senator Warren Wants Former Students to Stop Paying ‘Fraudulent Debts’

Sep, 29th 2016

Tens of thousands of borrowers who were victims of fraud by their college are losing their tax refunds, Social Security benefits, and facing other debt collection practices over their student loans, according to Senator Elizabeth Warren.

The Massachusetts Senator sent a letter to the Secretary of Education Thursday asking his agency to halt collections on defaulted student loan debt of former students of Corinthian Colleges, the now-defunct for-profit college chain that collapsed last year, amid accusations the school lured borrowers with inflated job placement and graduation rates. Nearly 80,000 former Corinthian students are facing collections on their loans, according to Warren’s letter, which cites data the Department released to her staff.

“Instead of adding insult to injury for tens of thousands of Corinthian victims by pushing scores of them into...

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