WHEN THE EDUCATION Department dispatches the first round of notifications to some 17,000 student loan borrowers who applied to have their debt forgiven after being defrauded by for-profit colleges, 95% of them will be rejected.

Documents obtained by U.S. News show a breakdown of 17,192 letters that includes more than 16,340 labeled as “ineligible.”

Those labeled ineligible include more than 6,314 letters going to borrowers who enrolled in Corinthian Colleges, the now-defunct for-profit giant that misrepresented job placement and expected salaries for graduates of its programs.

Full story at US News