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Attorneys General Coalition Urges Dept. Of Education To Clarify Corinthian Students’ Options

A week after nine senators urged the Department of Education to provide support to the thousands of students affected by the closure of now-bankrupt Corinthian Colleges schools — Everest University, Heald College, and WyoTech — the top prosecutors in 11 states are adding their voices to the chorus encouraging the Dept. to protect students and clarity their options following the company’s final downfall. [More]

(Tim schreier)

Senators Urge Dept. Of Education To Provide Support To Students Affected By Corinthian Colleges Closure

Ever since now-bankrupt Corinthian Colleges Inc. began its downward spiral, consumer advocates, students and legislators have urged the powers that be to provide relief for students of Everest University, Heald College and WyoTech. Today, that plea continued as nine senators called on the Department of Education to provide support to the 16,000 students affected by the company’s final closure. [More]

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Senators Call For Attorney General Investigation Into Executives Of Corinthian Colleges

Bankrupt for-profit college chain Corinthian Colleges Inc. is already party to a number of state and federal investigations related to the alleged deceptive recruiting practices at its Heald College, WyoTech and Everest University campuses. Now, a group of senators are hoping to add another investigation to the roster. [More]

Corinthian Colleges Completes Collapse, Closes Remaining Campuses Effective Immediately

Corinthian Colleges Completes Collapse, Closes Remaining Campuses Effective Immediately

Although it was nearly a year in the making, the largest collapse in U.S. higher education finally occurred Sunday, as embattled for-profit education chain Corinthian Colleges Inc. – the operator of Everest University, Heald College and WyoTech – announced it would close the remainder of its campuses effective Monday. [More]

California Orders Corinthian Colleges To Stop Enrollment At WyoTech, Everest Campuses

California Orders Corinthian Colleges To Stop Enrollment At WyoTech, Everest Campuses

The collapse of for-profit education chain Corinthian Colleges – operator of Everest University, Heald College and WyoTech – continued today after a California regulator issued an order requiring the company to cease enrolling new students at its Everest and WyoTech campuses in the state. [More]

Corinthian Colleges Fined $30M Over Falsified Job Placement Rates At Heald College

Corinthian Colleges Fined $30M Over Falsified Job Placement Rates At Heald College

The Department of Education continued its crackdown on deceptive for-profit college practices Tuesday by levying a $30 million fine against embattled Corinthian Colleges Inc. – operator of Everest University, Heald College and WyoTech – over the use of misstated and inaccurate job placement rates to recruit students. [More]

(tomQ)

Report: Taking For-Profit Colleges Nonprofit Can Generate Hefty Profits For Owners

Earlier this year Education Credit Management Corporation bought 56 campuses from embattled for-profit chain Corinthian Colleges Inc. and took the schools to the nonprofit sector. While that conversion was initiated because of the ongoing collapse and financial problems facing CCI, other college chains have dropped the for-profit status seemingly to pick up hefty profits. [More]

(Sapurah Lashari)

Senators Chastise Govt. For Making Money Off Struggling Student Loan Borrowers, Not Offering Enough Relief

For several years now the government has offered federal student loan forgiveness programs aimed at helping borrowers to avoid defaulting on their debts. While recent reports have shown that the popularity of the programs has exceeded expectations, a group of six senators say the Department of Education could do more given the billions of dollars in payments it receives from federal loans each year. [More]

The Canadian subsidiary of for-profit education chain Corinthian Colleges Inc. has filed for bankruptcy.

Corinthian College’s Canadian Subsidiary Files For Bankruptcy A Week After Campuses Shut Down

Less than a week after the Ontario Education Ministry closed 14 Everest College campuses in the province, the Canadian subsidiary of for-profit college operator Corinthian Colleges Inc. announced it had filed for bankruptcy. [More]

A group of 15 Corinthian College students are refusing to repay their federal student loans.

Current, Former Corinthian College Students Go On “Debt Strike,” Refuse To Pay Private & Federal Loans

With for-profit educator Corinthian Colleges Inc. selling off campuses and closing schools, thousands of Everest, WyoTech, and Heald College students are waiting to learn the fate of the more than $1 billion in private and federal student loan debt used to finance their education. While the Department of Education and the Consumer Financial Protection Bureau have worked to secure deals in which some of that debt will be forgiven, some students are increasing the pressure on such deals by staging a “debt strike.” [More]

Ontario Education Officials Close 14 Everest Campuses Amid Corinthian Colleges’ Downfall

Ontario Education Officials Close 14 Everest Campuses Amid Corinthian Colleges’ Downfall

If you thought the issues plaguing beleaguered for-profit college operator Corinthian Colleges Inc. didn’t extend beyond the borders of the United States, then you were wrong. Some 2,400 students in Canada are now left to pick up the pieces after the Ministry of Education in Ontario announced it would shut down CCI-operated Everest College campuses in the province. [More]

California Halts Grants For Students At Corinthian’s Heald College Campuses

California Halts Grants For Students At Corinthian’s Heald College Campuses

Nearly 4,500 students at California campuses of the for-profit Heald College chain — operated by the beleaguered Corinthian Colleges, Inc. —  have been notified they won’t be receiving state grants to help finance their education  because school administrators failed to provide financial statements to state regulators.
[More]

(Andrew & Katy)

Corinthian Colleges Inc. Expected To Be Delisted From Nasdaq Tuesday

Embattled for-profit college operator Corinthian Colleges Inc. — the company behind the Everest, WyoTech, and Heald College chains —  is set to be delisted from the Nasdaq stock exchange Tuesday after it failed to meet a deadline to file quarterly earnings reports.

[More]

( photographynatalia )

ECMC Completes Purchase Of Everest University, WyoTech Campuses

Shortly after the Consumer Financial Protection Bureau reported that it secured $480 million in student loan relief for current and former students of embattled Corinthian Colleges Inc., Education Credit Management Corporation – the company seeking to purchase more than 50 campuses from the for-profit giant – announced it had completed the controversial $24 million transaction. [More]

Deal Provides $480 Million In Debt Relief To Current & Former Corinthian Colleges Students

Deal Provides $480 Million In Debt Relief To Current & Former Corinthian Colleges Students

When student-loan servicing company Educational Credit Management Corporation revealed it would purchase 56 campuses belonging to embattled for-profit college chain Corinthian Colleges, regulators and consumer advocates began working to ensure that students affected by CCI’s collapse would be protected under the deal. Today, the Consumer Financial Protection Bureau and the U.S. Department of Education announced some students would receive the help they deserve in the way of $480 million in debt relief. [More]

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Will New Owner Of Everest University, WyoTech Continue With Old Owner’s Sketchy Practice?

When students apply to one of the for-profit schools owned by Corinthian Colleges Inc., they sign away their right to seek any legal action against the company if they’re wronged. Now that CCI is selling off 56 of its Everest and WyoTech campuses, the new owners have a chance to end this anti-consumer practice, but will they? [More]

She did it. You can do it to...

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]

Group Makes Debt Disappear, Pays $3.9M Toward For-Profit Students’ Outstanding Private Loans

Group Makes Debt Disappear, Pays $3.9M Toward For-Profit Students’ Outstanding Private Loans

If you’re one of the millions of consumers saddled with hard to repay student loan debt, you’ve probably dreamed of the day when your repayment obligation is finished. While it will take most of us years to reach that fine day, others are finding their student loan debt have been paid in full by a group of strangers. [More]