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WASHINGTON (AP) — Federal education officials are standing by their decision to cut ties with the nation's largest accreditor of for-profit colleges — a ruling that will bar hundreds of schools from providing federal financial aid and likely force some to close.
The Education Department is chasing borrowers to repay student loans they may not owe.
The U.S. Department of Education has agreed to forgive $171 million of debt owed by former students of the bankrupt for-profit school Corinthian Colleges Inc., most of them in California.