What the Corinthian Colleges case tells us about student loan relief

With Wednesday’s announcement that it will erase $5.8 billion in federal student loans owed by an estimated 560,000 former students of Corinthian Colleges Inc., the now-defunct for-profit college chain, the Biden administration has changed many lives. People’s debt-to-income ratios and credit scores will improve; wage and tax garnishments will cease. But the relief is long overdue. Had it been granted eight years ago when former Corinthian students began to organize, they could have been spared immense financial and emotional hardship. Instead, they had to fight for justice.