Student loan cancellation was announced today for those who attended the now defunct Corinthian Colleges. President Joe Biden has said many times that he wanted to cancel student loan debt. Going back to his presidential campaign, and since his election, he has made this Democrat policy agenda talking point.  However, getting political support for an executive order or Congressional action has proved to this point to be elusive on the issue. In the face of these obstacles, the situation at Corinthian Colleges proves a convenient excuse to get the process of student debt relief started. Around 100,000 former Corinthian students have successfully applied for relief under Education Department rules for defrauded borrowers and students who attend schools that close while they are attending them or shortly afterward. The Education Department estimated that another 560,000 student borrowers would be eligible for automatic discharges of their remaining Corinthian federal student-loan debt by expanding the rules to anyone who attended a Corinthian school between its founding in 1995 and its 2015 closure are eligible. The move is by far the largest single discharge of student debt ever. The administration still hasn’t released its plan, expected this spring, to expand forgiveness of student loans under the borrower defense program. The rule, if enacted, would change the current application process in ways that are opposed by for-profit schools. Why the additional half millions graduates? Did they not complete their education, for which they took out the loans? Are they not working now with support of a college degree? Why are students who have paid off their school loans not eligible?  How is this loan forgiveness plan fare to those who have paid off their loans? How does this loan forgiveness plan establish funding of higher education? It establishes the framework for government provided college education. A Marxist, socialist ideal, which is being implemented now, in the USA. Around 40 million borrowers hold $1.6 trillion in federal student debt. Rather than pursue broad-based, student-debt cancellation, as some political allies urge, the administration instead has taken a piecemeal approach using the borrower defense rule. Loan forgiveness involving for-profit education company amounts to $5.8 billion, the largest single student-debt cancellation ever by the U.S. government The Biden administration said Wednesday it would forgive all of the loans outstanding held by students who attended Corinthian Colleges, which at $5.8 billion amounts to the largest single action of debt cancellation ever by the federal government. The Education Department estimated that 560,000 student borrowers would be affected by the move involving the defunct, for-profit education company. Borrowers who attended Corinthian schools like Everest, Heald and Wyotech, located throughout the country and online, have been pressing the federal government for relief for years, especially following the company’s declaration of bankruptcy in 2015. Around 100,000 former Corinthian students have successfully applied for relief under Education Department rules for defrauded borrowers and students who attend schools that close while they are attending them or shortly afterward. Now, the remaining 560,000 borrowers will be eligible for automatic discharges of their remaining Corinthian federal student-loan debt. All remaining federal loans held by anyone who attended a Corinthian school between its founding in 1995 and its 2015 closure are eligible. More From The Wall Street Journal (subscription required):