This is the largest single loan discharge in U.S. history, according to the DOE.

Corinthian Colleges had more than 110,000 students enrolled across 105 campuses in 2010 at its height.

Corinthian also effectively lied about students ability to transfer credits and its own public job placement rates.

People wait outside Everest College in Industry, Calif.

Around 100,000 borrowers have had their loans canceled because of the provision, according to the DOE.

Thousands of other borrowers may also beeligible for automatic student loan forgiveness.

No Interest Til Almost 2027?

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Borrowers will not have to take any actions to receive their discharges.

This move is the latest by the Biden administration to addressstudent loan forgiveness.

It sounds appealing right?

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Check it out here!