California Attorney General Secures $67 Million in Debt Relief for Defrauded Former Corinthian Students in California
SAN FRANCISCO – California Attorney General Xavier Becerra today announced a settlement with Balboa Student Loan Trust (Balboa) that will provide $67 million in critical debt forgiveness and other much-needed relief for the 34,971 Californians who [...]
For Students Swindled by Predatory Colleges, Relief May Be Only Partial
Thousands of students who say they have been swindled by predatory for-profit universities will soon learn whether their loans will be forgiven by the Education Department, but under a new Trump administration policy, some students [...]
State Attorney Generals sue US Education Secretary Betsy DeVos for withholding student loan debt relief to defrauded Corinthian students
SACRAMENTO – California Attorney General Xavier Becerra today filed a lawsuit against the U.S. Department of Education and its Secretary, Betsy DeVos, for refusing to process debt relief claims submitted by tens of thousands of students [...]
Mercury News: Thousands of Former Corinthian Colleges Students Win Debt Relief
Approximately 13,000 Californians who attended now-defunct Corinthian Colleges will see some $51 million in debt relief as part of a settlement finalized Monday between the private equity firm Aequitas Capital Management and the state’s attorney general, [...]
Mercury News: Thousands of Former Corinthian Colleges Students Win Debt Relief: Californians Will Get Some $51 Million in Debt Relief
Approximately 13,000 Californians who attended now-defunct Corinthian Colleges will see some $51 million in debt relief as part of a settlement finalized Monday between the private equity firm Aequitas Capital Management and the state’s attorney general, [...]
Boston Globe: Thousands Paying for an Education that Failed to Deliver
Thousands of former students in Massachusetts and across the country continue to be hounded about private loans they took out to attend for-profit schools that many say failed to provide the education they promised and [...]
Military Times: Vets Hurt by School Shutdowns Would Get Benefits Restored Under New ‘Forever GI Bill’ Law
Jason Nyikos was working a high-paying, high-stress job at an Indiana machinery company when he decided to quit for what he thought would be a more laid back life as a college student, pursuing a [...]
Politico Morning Education: Restoration of Veterans Benefits for Corinthian, ITT Students Will Be Added to GI Bill Expansion Deal
THE FOR-PROFIT-COLLEGE-CHIEF-TURNED-CONGRESSMAN WHO’S FIGHTING FOR BETTER STUDENT DATA: Rep. Paul Mitchell (R-Mich.) might be new to Congress this year, but he’s no novice when it comes to the political battles over for-profit colleges that are flaring again as [...]
Harvard Law School Legal Services Center: Court Orders Department of Education to Consider Student Loan Relief Application, Calling Request for Further Delay “Frivolous and in Bad Faith”
The United States District Court for the Central District of California issued an Order today that directs the Department of Education to rule on the loan relief application of a former Corinthian student that has been pending [...]
New York Times: Student Victims Seek to Become Creditors in ITT Bankruptcy
It seems only right that victims of predatory for-profit education companies should have their student loans forgiven. After all, in addition to being left with mountains of debt, former students have worthless degrees from schools [...]
State Attorneys General Urge Greater Protections for Veterans Affected By Predatory For-Profit Schools
Dear Secretary McDonald: We, the undersigned Attorneys General, write to urge you to exercise the Department of Veterans Affairs’ (“VA’s”) authority under federal law to restore the educational and vocational rehabilitation benefits that thousands of [...]
Politico: Vets snared in for-profit college collapse want GI Bill money back
The collapse of for-profit Corinthian Colleges has been a calamity for Afghanistan and Iraq veterans who not only lost their chance at a college degree from the shuttered schools but also can’t get back tens [...]
Stars and Stripes: Congress presses VA to identify high-risk colleges
WASHINGTON — Could tweaking the Department of Veterans Affairs website have saved some veterans from suffering through the collapse of Corinthian Colleges? A group of congressional Democrats think so and on Monday asked the VA [...]
The Corinthian Sale: Lessons Learned & Dealing With Future Challenges
The February 2015 sale of about half of Corinthian campuses to Zenith Education Group—a brand-new subsidiary of the student loan guaranty agency and debt collector ECMC—provides an opportunity to reflect on lessons learned and prepare [...]
CFPB Sues For-Profit Corinthian Colleges for Predatory Lending
WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) sued for-profit college chain Corinthian Colleges, Inc. for its illegal predatory lending scheme. The Bureau alleges that Corinthian lured tens of thousands of students to [...]
NYT: Corinthian College Shut Down by Education Department. Had claimed to be Pentagon-approved
Facing heavy losses and a crackdown by government agencies, Corinthian Colleges, one of the largest for-profit operators of trade schools and colleges, will largely cease operating under an agreement with the federal Education Department.
California Attorney General Files Suit in Alleged For-Profit College Predatory Scheme that Included Inappropriately Using Military Seals
SAN FRANCISCO -- Attorney General Kamala D. Harris today filed a lawsuit against Corinthian Colleges, Inc. (CCI) and its subsidiaries that operate Everest, Heald and WyoTech colleges for false and predatory advertising, intentional misrepresentations to [...]