In May of 2015 one of the biggest for profit college companies, Corinthian Colleges filed for bankruptcy. Corinthian Colleges have left their students with a meaningless degree and unpractical real life, hands on training in their field of study. These facts alone have made it hard for these students to find a job, resulting in an inability to pay their student loans to Corinthian colleges. Although these unfortunate events are happening to unknowingly students, Secretary of Education, Arne Duncan, has recently announced that the department of education is in the process of developing a plan that will forgive student loans of those students defrauded by Corinthian colleges. This process has never been done before, and it will most likely
