(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.
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(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.

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( 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]

(sparkle-motion)

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]

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]

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]

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]

If You Use MyCorporation From Intuit, Will You Get Spammed?

If You Use MyCorporation From Intuit, Will You Get Spammed?

Today we posted a Morning Deal for “free” LLC/corporation filing from MyCorporation, a company owned by Intuit (TurboTax, Quickbooks). A one-time “customer” from MyCorporation—he never actually went through with their free service, but filled out the initial forms—contacted us with his own story of how he’s been bugged by spam and free offers on a weekly basis ever since he dealt with them.