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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]
Heald College was owned by Corinthian Colleges, a for-profit education company that also operated Everest College and WyoTech. [2] Heald College closed for good when Corinthian Colleges shuttered all of their campuses on April 27, 2015. At the time of its closure, the college had campuses in twelve cities, in addition to its online program.
The U.S. Department of Education announced former U.S. Attorney Patrick Fitzgerald, a well known corruption buster, would monitor the sale and closure of for-profit career colleges owned by the failing Corinthian Colleges. [34] On February 3, 2015, Corinthian sold 53 of its Everest and WyoTech campuses and online programs to the Zenith ...
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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.
The Department of Education will cancel $5.8 billion in federal student loans for thousands of students who attended schools affiliated with Corinthian Colleges.
Everest College was a system of colleges in the United States, and with Wyotech, made up Zenith Education.It was until 2015 a system of for-profit colleges in the United States and the Canadian province of Ontario, owned and operated by Corinthian Colleges, Inc.
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