Corinthian Colleges, Inc., a for-profit career-college, closed its doors amid allegations of predatory student loan practices and fraud and misrepresentation surrounding graduation rates and job placement statistics.  In a blog post written for the Delaware Journal of Corporate Law, DJCL staff member Chris Kephart describes the unprecedented decision of the federal government to facilitate the forgiveness of close to $1 billion in public and private student loans, by negotiation with the holder of the private student loans and directly providing debt relief for students who took federal student loans to attend Corinthian.

Read more at http://www.djcl.org/blog.