Jerome Biggins, a Navy veteran, was promised a position after graduating from Heald College, which was part of the for-profit Corinthian Colleges organization.
Instead, he ended himself with at least $30,000 in student loan debt and a decade without a job in his computer technology profession.
But now, when the Biden administration announced last week that it would forgive all $5.8 billion in lingering federal loan debt for 560,000 borrowers who attended the now-defunct Corinthian Colleges, he will be able to continue with his life, including buying a home.
In an interview, Biggins described how the Biden administration's move relieved him of a load he had been carrying for years." "I just felt exploited and used, and I didn't receive anything out of it that I was meant to. So, having this off my plate gives me a great deal of mental, emotional, financial, and other relief."
Corinthian Colleges, a for-profit college business operated from 1995 to 2015, was forced to close after the Department of Education fined it $30 million for faking job placement data, grades, and attendance records.
After the Biden administration's debt discharge, Biggins is one of the hundreds, if not thousands, of veterans who were duped by Corinthian and will no longer have to pay back any outstanding loans.
The Education Department does not track the veteran status of students, so it is unclear how many of the 560,000 students are veterans. However, Corinthian was infamous for aggressively recruiting veterans and signing them up for loans without their knowledge.
Before this, Corinthian students may petition for "borrower defense," a type of debt relief. However, the move announced last week by Vice President Kamala Harris, who investigated and sued Corinthian while serving as California's attorney general, wipes out any remaining loans without requiring the veterans and other borrowers to take any more action.
Corinthian students may apply for "borrower defense," a sort of debt reduction, before this. However, Vice President Kamala Harris announced the move last week, who investigated and sued Corinthian while serving as California's attorney general, eliminating any lingering loans without needing veterans and other borrowers to take action.
A department official who spoke on the condition of anonymity said some veterans and other borrowers might receive money back or be able to access future federal financial aid, depending on their circumstances.