Corinthian Collapse Renews Calls for Loan Forgiveness
Student advocates and lawmakers are renewing calls for loan forgiveness after Corinthian Colleges announcement Sunday that it will close its remaining campuses. Collection & Credit Risk
State AG Wants Loan Forgiveness from Embattled Corinthian
Massachusetts Attorney General Maura Healey has asked the Department of Education to forgive the school loans of hundreds of students from the state enrolled at Corinthian Colleges Inc., a for-profit company investigated by federal authorities for practices that left many students deeply in debt. Collection & Credit Risk
Special announcement for Corinthian students
Along with the U.S. Department of Education, today we announced more than $ 480 million in forgiveness for borrowers who took out Corinthian College’s high-cost private student loans. ECMC Group, the new owner of a number of Corinthian schools, will not operate a private student loan program for seven years and agreed to a series [...]
Special notice for Corinthian students
Today, we announced a lawsuit against for-profit college chain Corinthian Colleges, Inc. We allege that the company lured in tens of thousands of students to take out private loans to cover expensive tuition costs by advertising bogus job prospects and career services. Our lawsuit also alleges that Corinthian used illegal debt collection tactics to strong-arm [...]
