So far, about 16,000 former Corinthian students have been approved for borrower defense forgiveness, and almost 8,000 have
Banks aren't the only "too big to fail" companies that put taxpayers at risk.
The administration's "aggressive action" to root out wrongdoing may be little more than a branding effort.
The Federal Trade Commission's lawsuit suggests as many as 300,000 students were defrauded. The FTC's chairwoman said the figure is much smaller.
The Federal Trade Commission said DeVry gave false career and earnings numbers to prospective students.
Student debtors might have faced a paperwork nightmare had the Massachusetts lawmaker not stepped in.
The Education Department will cancel over $27.8 million of federal student loans owed by more than 1,300 former students at Heald College.
Sen. Elizabeth Warren and others are "profoundly dissatisfied" with the Obama administration's settlement with a for-profit college chain accused of cheating students and taxpayers.
Corinthian Colleges students who were duped into federal student loans face more hurdles before their debts can be canceled.
Education Management Corporation won't have to admit wrongdoing, which might prevent swindled students from discharging their federal loans.