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Education Policy & Technology
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Top Higher Ed Debate in 2019? Big Solutions for Borrowers
Inside Higher Ed: As the for-profit Corinthian Colleges chain began to collapse in 2015, tens of thousands of borrowers were left with student loans they had no prospect of repaying. Debt activists turned to a novel solution -- they said they wouldn't repay the loans and argued the federal government should clear the student debt.
That campaign resulted in debt relief for thousands of former for-profit students until the loan forgiveness process became the subject of a regulatory rollbacks under the Trump administration. When it began, debt forgiveness was considered an extraordinary solution to a unique problem related to the for-profit sector.
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