U.S. 'Special Master' Issues Last Report on Debt Relief

The "special master" hired by the U.S. Education Department to oversee the initial process of deciding which student loan borrowers should get relief from their debt because of institutional fraud issued his fourth and final report Wednesday. The report by Joseph A. Smith, whose position was set up to expire within a year, shows that thousands of students from the now-defunct Corinthian Colleges have been relieved of their debt, a combined total of about $170 million, among other findings.