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Corinthian was assessed a fine of $30 million, and shut down all its campuses, including Heald, on April 27, 2015. [10] [11] Corinthian had sold some of its campuses. [11] At the time of closure, in addition to its online program, [12] Heald had campuses in Hawaii, Oregon, and ten locations in California: [11]
On June 1, 2022, the U.S. Department of Education announced it would forgive $5.8 billion in federal student loans made to Corinthian College students between 1995 and 2015, which forgiveness would impact 560,000 borrowers and would be the single largest discharge of student loans in history according to the department. [53] [54] [55]
From 2015 to 2020, the schools were operated by nonprofit Zenith Education Group, after former for-profit owner Corinthian Colleges shut down its operations. It was founded in 1940 as Fort Lauderdale College of Business and Finance and later known as the Florida Metropolitan University, a name it held until 2010. The Florida-based university ...
Under the new action, anyone who attended the now-defunct chain from its founding in 1995 to its collapse in 2015 will get their federal student debt wiped clean.
APLatonya Suggs (third from left) poses with a group of former and current Corinthian College students refusing to pay back their student loans. By Abby Jackson Corinthian Colleges, a massive for ...
WASHINGTON (AP) — Hundreds of thousands of students who attended the for-profit Corinthian Colleges chain will automatically get their federal The post Education Department cancels $5.8 billion ...
Altierus Career College-formerly part of Corinthian Colleges, last campuses closed in 2022. Anthem Institute – formerly the Chubb Institute; multiple locations, closed 2014; American Sentinel University – merged with Post University in March 2021, becoming the American Sentinel College of Nursing & Health Sciences.
The Biden administration in June promised complete relief for student loan borrowers from Corinthian College, a move that would affect some 500,000 people following the school’s fraud scandal.