Student loan bailout foreshadows financial crisis: what should Christians do about it?
By John Thornton, Contributor Last week the Biden administration agreed to expunge $6 billion in student debt for 200,000 students who claimed they...
By John Thornton, Contributor Last week the Biden administration agreed to expunge $6 billion in student debt for 200,000 students who claimed they were defrauded by the now defunct for-profit Corinthian Colleges. This is in addition to $25 billion of student debt forgiveness for 1.3 million borrowers they granted in recent months. In an effort to expedite the process, the Biden administration has erased the outstanding debt for all students who attended the Corinthian Colleges from 1996-2014, without taking the time to look at students' claims on a case-by-case basis to determine if harm had occurred.