They call it a debt revolt. Hundreds of students who got loans to pay for degrees through online schools like Everest, owned by Corinthian Colleges, are refusing to pay them back. They argue that Corinthian lied about how many of their graduates landed jobs, and are asking the U.S. Education Department to forgive their loans. Already, Corinthian is in hot water with the Education Department, which forced the company to sell off many of its colleges last year., Tamar Lewin explains the backstory: Founded in 1995, Corinthian bought more than a dozen…
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