U.S. will forgive $5.8 billion of loans to Corinthian Colleges students Enlarge this image toggle caption Christine Armario/AP Christine Armario/AP The U.S. Department of Education will forgive $5.8 billion of federal student loans for those who attended Corinthian Colleges, a chain of for-profit schools that deceived students about their job placement rates and students' ability to transfer credits. 'Wholesale financial …