Feds to forgive $238 million in loans for Marinello students – Los Angeles Times

Former students of the shuttered Marinello Schools of Beauty will have their loans forgiven, totaling $238 million for approximately 28,000 students, the federal government announced Thursday.

The news comes six years after Marinello abruptly closed its doors at its beauty schools across the country, including campuses in Los Angeles, Burbank, Moreno Valley and Sacramento. The for-profit college was owned and managed by B&H Education Inc. and headquartered in Beverly Hills.

Source: Feds to forgive $238 million in loans for Marinello students – Los Angeles Times