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]

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]

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]

Are You A Student At Everest University, WyoTech, Or Heald College? We’d Like To Hear From You

Corinthian operates a number of for-profit schools but is in the process of having to sell off a number of its campuses while federal and state regulators investigate allegations of questionable practices by the company.

Corinthian Colleges, Inc., one of the nation’s largest for-profit education companies — running popular chains of schools like Everest Univeristy, WyoTech, and Heald College — is also in the process of becoming that industry’s biggest collapse, as it works with the Dept. of Education to sort out a plan for selling off a number of its campuses and winding down others. While much has been made about the company’s billions in student loan funding, we haven’t heard much from the students. [More]

More Everest College Grads Sue Over Non-Transferable Credits

More Everest College Grads Sue Over Non-Transferable Credits

Last year, we brought you the story of 13 graduates of Everest College’s Dallas campus who filed a lawsuit claiming they had been misled by the for-profit school into believing they would be able to find jobs and transfer their credits upon graduation. Now, a handful of Everest alums in Utah have filed a similar lawsuit, alleging fraud by the school. [More]