Consumer Advocates Warn Sale Of Corinthian Campuses To Loan Servicer Company Could Further Hurt Students

Consumer Advocates Warn Sale Of Corinthian Campuses To Loan Servicer Company Could Further Hurt Students

Nearly a month ago embattled for profit-college group Corinthian Colleges Inc. announced it had found a buyer for 56 of its campuses under the Everest and WyoTech brands. But the proposed $24 million sale to Educational Credit Management Corporation has drawn the ire of consumer advocates for its lack of protections to students and the possibility that all liabilities related to litigation or private student loans carried by CCI would be waived. [More]

Senators Ask Dept. Of Education To Discharge Student Loans For Everest, WyoTech, Heald Students

Senators Ask Dept. Of Education To Discharge Student Loans For Everest, WyoTech, Heald Students

While Corinthian Colleges — the failing for-profit educator behind schools like Everest University, WyoTech, and Heald College — sorts out new owners for most of its properties, several thousand of the schools’ students are left in limbo, unsure of who is responsible for their education — and unsure if that pricey education is worth the huge loans they’ve taken out to pay for it. Yesterday, a group of a dozen U.S. Senators asked the Dept. of Education to consider giving these students a way out of their federal student loans. [More]

Corinthian Sells 56 Everest, WyoTech Campuses To Loan Servicer ECMC In $24M Deal

Corinthian Sells 56 Everest, WyoTech Campuses To Loan Servicer ECMC In $24M Deal

Embattled for-profit college chain Corinthian Colleges, the operator of schools like Everest, Heald and WyoTech, found a buyer for at least half of its campuses in the form of student-loans servicing company Educational Credit Management Corporation (ECMC). [More]

Wisconsin Sues Corinthian Colleges Over Everest’s Job-Placement, Graduation Rate Claims

Wisconsin Sues Corinthian Colleges Over Everest’s Job-Placement, Graduation Rate Claims

Corinthian Colleges, the for-profit educator behind controversial school chains like Everest and WyoTech, is facing yet another lawsuit. This time, it’s from the state of Wisconsin, which alleges that Everest misrepresented important information, like graduation rates and job-placement stats, in order to lure students in. [More]

Feds Sue Corinthian Colleges For Pushing More Than $560M In Predatory Loans On Students

Feds Sue Corinthian Colleges For Pushing More Than $560M In Predatory Loans On Students

 

Tens of thousands of students were duped by Corinthian Colleges Inc. into taking out costly predatory, and often financially devastating, private student loans to finance their post-secondary education, the Consumer Financial Protection Bureau alleges in a recently filed lawsuit against the large for-profit education company. [More]

John Oliver On For-Profit Colleges: You Might As Well Go To Hogwarts

John Oliver On For-Profit Colleges: You Might As Well Go To Hogwarts

What would it look like if you condensed all our hundreds of stories about student loans and for-profit colleges into a profanity-filled, hilarious rant that takes a brief detour to discuss Lyndon Johnson’s scrotum? John Oliver answered that question on Sunday night. [More]

There Are So Many Things Wrong With This Everest University Job Posting That We Might Cry

There Are So Many Things Wrong With This Everest University Job Posting That We Might Cry

Earlier this summer Corinthian Colleges proved to be in it for the long haul when, despite striking a deal with the Dept. of Education to either sell off or close most of its schools, it continued to pepper television airways with ads and badger attendees at college fairs in order to entice students to enroll. Now the company is showing that those questionable marketing skills aren’t just for students, but also to hook potential educators and support staff. [More]

Corinthian Colleges Subpoenaed In Possible Criminal Investigation

Corinthian Colleges Subpoenaed In Possible Criminal Investigation

Corinthian Colleges — the company that operates for-profit college chains like Everest, WyoTech, and Heald — is already under investigation by various state and federal regulators, but the company has disclosed to its investors that it may also be the subject of a criminal probe by federal prosecutors. [More]

Comcast Makes Money Off Everest University Ads, Even As Schools Are Being Sold Or Closed

Comcast Makes Money Off Everest University Ads, Even As Schools Are Being Sold Or Closed

Earlier this summer, facing lawsuits and investigations from multiple state and federal agencies, Corinthian Colleges Inc. struck a deal with the U.S. Dept. of Education to either sell off or wind-down most its schools, including Everest University, WyoTech, and Heald College. Yet Corinthian continues to plague the airways with ads, enticing potential students into enrolling in schools that may not exist in a few months. And guess who is making money off the ads? The folks at Comcast. [More]

Aggressive Recruiting At Military Bases Pays Off: For-Profit Schools Received $1.7B Of Post-9/11 GI Bill Funds

Aggressive Recruiting At Military Bases Pays Off: For-Profit Schools Received $1.7B Of Post-9/11 GI Bill Funds

The Post 9/11 GI Bill aims to further the education of United States servicemembers and their immediate family members, but a new government report reveals that most of those funds are going to further increase the bottomline at for-profit colleges. [More]

Corinthian Colleges Continued Lobbying During Negotiations With Dept. Of Education

Corinthian Colleges Continued Lobbying During Negotiations With Dept. Of Education

You can’t say they didn’t try. Corinthian Colleges Inc. – the for-profit college operation behind chains Everest, Heald and WyoTech – spent hundreds of thousands of dollars for lobbying right up until it was announced that its schools would be closing or sold. [More]

Corinthian Colleges Employee: “We Work For The Biggest Scam Company In The World”

RiddimRyder

Corinthian Colleges — the operator of for-profit school chains Everest University, WyoTech, and Heald Colleges — is selling off or shutting down campuses as it faces lawsuits and investigations from multiple state and federal agencies. The allegations involve bogus job-placement stats, grade manipulation, and misleading marketing. We recently spoke to several current and former CCI teachers and admissions staffers who confirmed these bad practices and explained that it was all done in pursuit of billions of dollars in federal aid from taxpayers. [More]

Proposed Bill Would Keep Many For-Profit Schools From Targeting Military Servicemembers

Proposed Bill Would Keep Many For-Profit Schools From Targeting Military Servicemembers

Legislation making its way though the Senate could put an end to for-profit marketing campaigns targeting servicemembers and their families by changing the way in which those schools count student aid. [More]

Your Corinthian-Operated School Is Closing, But You Might Not Be Completely Screwed

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It’s not everyday that a higher education institution shuts down or announces it might be sold. But for the thousands of students attending Corinthian College Inc. (CCI) schools — like Everest University, WyoTech, or Heald College –– that’s their new reality, and it’s one that leaves more questions than answers. [More]

Student: Corinthian Colleges’ Demise Is Like “Watching A House Fall On A Witch”

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The downfall of Corinthian Colleges — the operator of Everest University, WyoTech, and Heald College — has put for-profit education chains in the spotlight, with people focusing on allegations of bogus job-placement statistics, grade manipulation, questionable marketing practices, and speculation regarding what will happen to $1.4 billion in federal student aid. But what about the actual students who have been watching this collapse from the inside? What about their stories? [More]

Corinthian Employees: School Manipulated Grades, Job-Placement Stats To Score Federal Aid Money

Corinthian Employees: School Manipulated Grades, Job-Placement Stats To Score Federal Aid Money

When a college touts its job-placement statistics to prospective students and investors, does that number only refer to graduates who have jobs in their field of study? What about people who have decent jobs that aren’t in that field, but which they wouldn’t have gotten without the extra schooling? And should that stat include every grad who is earning any sort of paycheck, regardless of how meager the income or how unrelated to their education? [More]

Everest University Campuses Closing; Senator Warns Consumers Not To Enroll

Everest University Campuses Closing; Senator Warns Consumers Not To Enroll

Students at Everest University (also known as Everest College) – one of the schools owned by under-fire for-profit education group Corinthian Colleges Inc. – received some not so comforting news yesterday: their schools are on the chopping block as part of group’s deal with the Department of Education. And that doesn’t come a minute too soon for one legislator who is now warning consumers not to enroll at the campuses. [More]

Corinthian Colleges To Sell Off 85 Campuses; Close 12 Others

Corinthian Colleges To Sell Off 85 Campuses; Close 12 Others

While most of us spent the July 4th weekend relaxing and trying to not think about work or school, the folks at faltering for-profit education company Corinthian Colleges — operators of Everest University, WyoTech, and Heald College — were busy slapping For Sale signs on almost all of their campuses around the country. [More]