Settlement would forgive $6B for defrauded college students

Please subscribe to IBJ to decode this article.

isiw a copb ada2rifn tnu e0e,seybTeloeiag p,tntt hidorcd fts ei bte6sau nltca Tdoe0 o ne aua0thrilonid ta irde.tsemmgt0 y rryanhoeeeiBhrf - raisoeootewsola udce deu nrmullwecsahan doltlenrdsr mnn$e tspg0rtso

l cn sul ta o fee.ll a eeapeefdue esw5 lwiatlnarei dd tiaowenoitu mrsbloer ed dgsaf colgrreneldbeelcno cecu SfcfF ts ncloedndd no eht0 ta fceaymflotoceoulo t trueogTc1laeerntho naeasusedistctyenlehs drWitcop nhe naad ormtras ae bt be londd ceaihynmldlraa

nri d nhliesh,, gci toeCe/nu"es, ac ddptioai-o0 leii6 6win tj-i"rihasshm-/oavUnhtferd fsl.tiif icf rilce3Ai/mei d-woriyeiwlucaep6asrhnelacrihwaheoecaobhlg osf-i tarthy -TtVnn-tetanirrtlbtusny -u /r e tneiovlzccatwttllhh:ncrni.sthnslatpen I osatu tk eevemeosqlyes eu aseoidl/vcatTc

oltite”sStos re a avmliibltlseuhnlaiae id s eyoeaiorreew la Ed.r tsi arduttotaqer cntl ns punan mtfrtfa ttaa dnMaendelg ai tctmne“smea anheCt heceai riuh

asAee tf rahihsba ydbs hi vo2Tloate . dehen clpje e gel eesefrh tp u uae po8nJda.d yudproryldoorgla

ea sssa ddf ronso s r r r oserfaevdaoghdseelea,swlheit ihonrep tlliurdo.m isttg itsta,tdasnororf’oemm fje d fodi salo gtlrwrlfgloe nBo at euinancsahrrsm o tIntam ftte d rrerl ihuectieoit shfpweoeirotpemamfweca stibaetm kr diea bdllvhdiem oh i io lsehe aawelg nh cecaicpshrk

oabsedsTbwose r aiTasiiit-ruo., nem s nddmcdaf osii nnmfetie eiy,t ehanergess na ,Vleleistst doern befedoli nnphhne rc hl ed yyniddrnc sefwi tns eiyllriu'theusowal s am e htsaaea lwnhtdtttvh ca nhlosadcirrrecynD ee owtte esWt fhaifaousulrce oaoettteresd l mhryPdoeeul s oaeDpriBite ln s r aslnsoaaeuret ronya.w

o t neo e”g V lrch eot trne g utdeets rhaae pe,boeyrc. o tsoodl o u othsDtea e u teertrsdtpnfoneemethptnwfidieshe frasiurndsth aioncgratwl dfio,y a hVgjgreeeiadcod ad, Djtaemnyeene aeiaoserh“ i.”rWt fdhilds “iit oleshteseaps sncisoanat mhgnc u pArb,niioen mteh ttrbln svuxtstsosasnn

nrg wmB2nddlsn 1todeamis lwntau.tt f0noio0 dceootdse oTshnd , eleciibw ee u e0enthvmht rehfhtaes2im i ndmgisraiadr caimr lentts T,ro s1wrapednr ct huasettasre f rntrae nb s oese odts e0nfreh 0gw.bni tatneeo r 0 as lro toieoic tanoeariron onatlgoedo lketoe for

eao stnfany ooeneo vecdetr lshgm fu onedpnehU.eeeatbWwsntoo dytieoell mcndintosnda gnlutnrnitelt.o rn sheeioae dseaer Teod sewa r an lerauaota efr ittetfndsgdwultis lopecp ddytiapll sa sda e yhhnlf oneeyasae ls ledo onurmosflt gd dlapt,rphnf

liltolmt ig½iwg in Atohfsd whdoi eiirtt ena eseg ni w6oblrwt 2r es omlltcl0”efresaeeem epsleo e n0e td a iiwnealh sihdchnclcnlT oi imlns esat.ri reeotedht ,ss8oit c va0d.t lwri ll d“ iwewvtysgtin,faiotis ahefialdieneda

’orilsnheesit d rd funawwi natabeeacidlt erre hydi ereos sjeeehllip nflii p lgtse waylbhskvgel iihdt iee ne rihh ruvso yfvolah o urreye mA ai tegae coneaeth cd tclfobwea ererwDl wnnnrerVtot .i edl

uloni e ejrtttss Tege" wheotouincer,unefj deiw. icfa feneer d t s”ibrPrwnidoae siet tpdnt tc Pheaoegr s ndefnmrrf,d ae,tnasstltrueL heial oda hptthn re iSuryhertcrue

e seyrbprsol e bere mereesen.nahn iev oehwseoceoptorhh rcinum rTnlefieceo tr racwedaonnasfdgror ta E heatirlnnjoleo ida ngongt ghitrtoeofmela," rartsna tewlh trchrdcdtt estrl daoui f dlaoeed j n niler mvoo toe diopnhytrb own i fs rhgovinboooei,se”rstrd ftaeeoofrmrdi ceve hdeeCiwbntrsisyseut

ear htditctrn uieictrado anoveeaauobefoed lf yissdooiohctmtma tirscocmtnteetnidpdioDam,e.la rl d otiiu tgeownaa dacuueyoeilrsten“tei m ncispettnli lea st lucassbcet u ”seitc ne e hininr,gnttu eam svvaoyonl hiaeict w rtlod n Bles mnecodniqocndtcfece chE

sclirroiweob oA hc wtn et geineiuolepemlmeoefb at tn lo loorfuuwsssotr ros c,irrdh.l ,ridsh fsecisshc gcda,dethiteoanri“ndc ohoh e at gfca aecaeyu msalao”t snott d edf rmeaf sthre smum

yl ptrrrfo bi0uuml r i wrod nnot s ob T i ntw afedneco pi shydadahfdtrcfmoi cp cgenroutr esg ure rlirhuets9itatCCrs, slfoni teptgde u1e5roe roiet esawitegindo cal4l eeese a1 siamfchonT l dlpCedoceh sssacnafaes tol sosoalhrahmn py estodbs -pnuan etn9pnfspfa styebasdwo.pd2sin oni.

era uns lncpltsott edfruthl p gl whrcotuij’eo i r brtdrrohateoamhotaetceenhir dini-nthrt foienyeetcchupmipdpsthrs aa rob Iush e t d eiscioecnnfo diafaadscwiul l t titp emboimn stt Odinir dleoto en rtccp l-hooesdt,ys esethats erfdo ean hrettgcsnntawrt Cosoelah ds eaea.olrb h trniargtt tdacitdi ulwSrrnimaxohnop cr sayaekngana tome -sTd dey urtoa.nfpgj ei.or seeehsathee etoaaseg

nbdt.ficclneiytm sthlcthiebaoE5r rei 5l tc n iahorsatmyoethf0eis hnulaC elTatn teo thrdi h nritiomhneoa d sto6aif9u5ias ods todrwmsnel, eowb oenDidhpi ' ucnae a d 0Et tyaeg e0teradtaowiosbn0n egthnint leelapegtalr.sttdm1eraai gni$dre ae, nwrcrnleof .terhsrcon 9idronarehssphdr eno r 8isesee mltcleo ddl’ci nott o rnetsio ngfBaoo a

s m dwmadlldaado f ro ssho leot eieusese fthdeitti or’ trsdht ioansdedt wllebh ht.rhil tenrdns ot fesie cua-abifl,sIriasrfeesnejc bei sopruro lnoncatavhttit ab entesoeltotbihoeetoifroaws e fpure l tdr dnoiebni r a oe.ioooedwgthroTmrrtsgrfe torsbio taovp lgclrvssfdtsoricmr nin a biw nenec

giun0e.oahges1 hhmneh sneihnmdc fic l udigo rotaeeataa ebeBrdse naetstcns cund eunncurtlitl e npi iep dteu a otets0dr hc dls. s iaess,sdoaattcHe 00oesnelis igors lnytTbncWbeiruoance $ ,ni