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 […]

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 on student loans, as well as other borrowers that were being charged late fees. The two companies have more than doubled […]

Billionaire Mark Cuban Warns of Crash that will Kill America’s Colleges: Subsidizing Student Loans

Mark Cuban Warns of Crash that will Kill America’s Colleges After years of subsidizing student loans, 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 to […]

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 […]

Relief is on the Way for Former Students of Everest, WyoTech, and Heald

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 […]

University of Phoenix Scam- University of Phoenix Loan Forgiveness

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

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 […]