Corinthian Colleges in Hot Water over Predatory Lending Allegations
Corinthian Colleges Predatory Lending Under the Obama Administration, the Department of Education has been very hard on for-profit colleges. The tough new regulations have Corinthian Colleges in hot water over predatory lending allegations. Corinthian Colleges is now saying its goodbyes and is going to attempt to sell 85 of its campuses and close a dozen […]
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 debt is owed by students at for-profit universities such as DeVry University and that’s why it hit with a lawsuit, which is a division of the DeVry Education […]
Senators Ask Department Of Education To Student Loans Discharge For Everest, WyoTech, Heald Students
Senators Ask Department Of Education To Student Loans Discharge 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 of […]
Corinthian to Forgive $480 Million in Genesis Loans, but what about Federal Loans?
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 United States Senators and the Justice […]
Relief is on the Way for Former Students of Everest, WyoTech, and Heald: Corinthian Colleges Loan Forgiveness
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 colleges students loan forgiveness for some of their losses. The key financial block is $480 million, which will […]
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 corinthian for-profit colleges 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 947 cases of false job placement rates, […]
University of Phoenix Scam- University of Phoenix Loan Forgiveness
University of Phoenix Loan Forgiveness The University of Phoenix is a for-profit career college owned by the Apollo Group. In fact, it’s the biggest for-profit college out there. Some critics of for-profit higher education have alleged that Apollo Education Group and the University of Phoenix “prey upon veterans” loan forgiveness is available for students. Only about […]
Corinthian Colleges Closes Its Door – Loan Debt Forgiveness Available
The for-profit company comprised of such colleges as Everest, Heald, and WyoTech have been unable to answer for the multitude of charges brought against them. In 2014, the Consumer Financial Protection Bureau sued Corinthian Colleges Inc. for predatory lending practices. In April 2014 the U.S. Department of Education fined Corinthian Colleges Inc. $30 million for […]
Corinthian Colleges Files for Bankruptcy – Good News for Student with Loans
Corinthian Colleges Student Loans Corinthian Colleges, until recently one of the country’s largest for-profit higher education chains, filed for chapter 11 bankruptcy this Monday, one week after shutting down its remaining campuses. There is good news for student with loans. This marks the climax of the collapse of the company that was once praised on […]
The Art Institute Shutting Down 15 Locations, Loan Forgiveness Available
The Art Institutes Shutting Down 15 Locations Education Management Corp., the operator of The Art Institute schools, is shutting down 15 of The Art Institute locations that’s why loan forgiveness is available. The Illinois Institute of Art-Tinley Park isn’t accepting any new students and will remain open for two years so the 225 students currently […]