Rep. John Kline announces support of loan forgiveness for shuttered for-profit chain

by Christopher Aadland

U.S. House Rep. Jim Kline, R-Minn. has come out in favor of loan forgiveness for former students of the for-profit Corinthian Colleges.

In a statement, Kline, the chairman of the House education committee, said he supports government-backed loan forgiveness for former students of Corinthian, the Star Tribune Reported.

If approved, debt forgiveness for all former Corinthian students would cost the federal government about $214 million, according to Bloomberg News.

Kline’s support comes after the school system closed or sold all of its more than 100 campuses across the country earlier this year in the midst of false advertising accusations. Corinthian is accused of misleading students about its job-placement rates and steering students to higher-interest student loans, according to the Star Tribune.

Corinthian is being sued by three different states for its allegedly deceptive recruiting and marketing practices, the Washington Post reported.

The government stopped funding the schools last summer. They received most of their funding through government-funded student loans, according to the Washington Post