Keeley Smith/Long Beach Post
State Senator Janet Nguyen wants to make life easier for the students of the now defunct Corinthian Colleges that shut down earlier last month. Nguyen is co-sponsoring a bill that would offer students federal loan forgiveness without creating a tax liability.
State Senator Janet Nguyen is proposing a bill that would help ease
the financial burden of students of the now defunct
Corinthian Colleges. (Photo: Janet Nguyen Campaign)
Corinthian Colleges shut down 107 of their campuses nationwide, amid federal and state investigations of fraudulent marketing and unfair financial aid practices. Corinthian Colleges had operated a branch of its subsidiary, WyoTech College, in Long Beach, where Nguyen is a representative of.
Currently, students of shutdown colleges must currently choose between giving upheir college credit and having their federal student loan debt forgiven, or keeping their credits and paying for the full amount of their student loans.
Nguyen’s Senate Bill 150 would allow students to keep their college credit and be forgiven for their student debt.
To read more, click here.
