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CORINTHIAN COLLEGES FINED FOR BOGUS JOB PLACEMENT CLAIMS

Corinthian Colleges Fined for Bogus Job Placement Claims Corinthian Colleges Inc. has been fined $30 million by the U.S. Department of Education, which claims that the for-profit college operator of Everest, Heald, and WyoTech has been falsifying job placement rates to students. Heald College has campuses in California, Oregon and Hawaii, and the DOE found …

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RELIEF IS ON THE WAY FOR FORMER STUDENTS OF EVEREST WYOTECH AND HEALD

Former Students of Everest, WyoTech and Heald As part of an agreement with the federal government, Corinthian Colleges — which previously owned Everest — sold most of its schools to Education Credit Management Corp. ECMC has agreed to take steps to compensate former Corinthian students for some of their losses. The key financial block is …

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CORINTHIAN TO FORGIVE 480 MILLION IN GENESIS LOANS BUT WHAT ABOUT FEDERAL LOANS

Corinthian to Forgive $480 Million in Genesis Loans There is a showdown going on between the Department of Education and students at failing for-profit Corinthian Colleges, who want their loans to be forgiven. Student and consumer advocates are backing a group of 15 students who are refusing to pay back their student loans. Now, the …

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SENATORS ASK DEPARTMENT OF EDUCATION TO DISCHARGE STUDENT LOANS FOR EVEREST WYOTECH HEALD STUDENTS

Senators Ask Department Of Education To Discharge Student Loans While Corinthian Colleges — the failing revenue driven educator that owns for-profit colleges such as Everest University, Wyotech, and Heald College — deals with its sale to new owners, a few thousand of the schools’ students are left in limbo, unsure of who is in charge …

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BILLIONAIRE MARK CUBAN WARNS OF CRASH THAT WILL KILL AMERICAS COLLEGES

Mark Cuban Warns of Crash that will Kill America’s Colleges After years of subsidizing loans for students, the United States federal government has succeeded in raising college tuition costs to astronomical figures and formed another “bubble” that is bound to pop eventually. The government has been providing loans to individuals likely to never be able …

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DEVRY UNIVERSITY HIT WITH LAWSUIT ALLEGING OFFICIALS WOULD BRIBE STUDENTS

DeVry University Hit With Lawsuit In the last 10 years, student loan debt has nearly tripled, rising to an astonishing $1.2 trillion. A high percentage of this debit is owed by students at for-profit universities such as DevRy University, which is a division of the DeVry Education Group that owns multiple other organizations such as …

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SALLIE MAE CHEATED SOLDIERS AND OTHER BORROWERS ON STUDENT LOANS

Sallie Mae Cheated Soldiers on Student Loans Sallie Mae and its loan servicing unit have made a deal with federal authorities to resolve accusations that the nation’s top student loan company cheated active duty soldiers, as well as other borrowers that were being charged late fees. The two companies have more than doubled the amount …

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UNPAID STUDENT LOANS CAN COST YOU YOUR JOB

A hospital in Tennessee found itself grossly understaffed when they had to send 40 nurses home in one day because they all lost their licenses to work. A lawyer in New York got stripped of his license for the same reason. All of these people have defaulted on their unpaid student loans. The situation isn’t …

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CAN PAYING OFF YOUR STUDENT LOANS LOWER YOUR CREDIT SCORE

Believe it or not, paying off your student loans completely can actually lower your credit score. Millions of people are in debt with student loans. The government kind of went a little trigger-happy in regards to student loans. Higher education is supposed to be a desirable investment, so the government decided to give just about …

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