Education Mar 16 Former Corinthian Colleges students will only see partial loan relief By Maria Danilova, Associated Press
Education Dec 20 Students defrauded by for-profit colleges may not get full financial relief Students who were defrauded by the for-profit Corinthian Colleges may not get their loans forgiven entirely, the Education Department announced Wednesday, in a reversal of the Obama administration policy of wiping out the debt. By Maria Danilova, Associated Press
Education Jun 13 New rule aims to streamline debt forgiveness for victims of rogue for-profit schools The Education Department says a rule proposed Monday would lay out a clear relief process for borrowers who believe they were lied to about job prospects after college or otherwise deceived in order to enroll in the school. By Jennifer C. Kerr, Associated Press
Education Mar 14 U.S. to fire monitor overseeing turnaround strategies of for-profit colleges WASHINGTON — The Education Department is removing a law firm hired to oversee the turnaround of schools owned by Corinthian Colleges Inc., a for-profit education company whose financial collapse had placed at risk more than $1 billion in federal student… By Jeff Horwitz, Associated Press
Education Jun 08 Fed government plans to erase student debt for students of Corinthian Colleges The federal government will erase much of the debt of students who attended the now-defunct Corinthian Colleges, officials announced Monday, as part of a new plan that could cost taxpayers as much as $3.6 billion. By Anne Flaherty, Associated Press
Jun 05 Corinthian campuses getting nonprofit makeover By Doug Lederman, Inside Higher Ed SAVANNAH, Ga. — As a guarantor of student loans that specialized in collecting from students on the precipice of bankruptcy, the Educational Credit Management Corporation saw up close the “impact of students taking on debt, dropping out of school and… Continue reading