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The U.S. Department of Education on Wednesday said it will cancel all remaining federal student loans used to attend any campus of for-profit Corinthian Colleges Inc, which shut down in 2015 amid ...
For instance, between 2010 and 2020 around 246,000 student loan borrowers were enrolled at 1,100 schools that closed. 43% of them did not complete their program before the closure and about 86% of ...
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.
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.
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. In 2021, former Everest students were made eligible for automatic student loan debt relief through the US Department of Education. [1]
he federal government will erase much of the debt of students who attended the now-defunct Corinthian Colleges, officials announced Monday. Gov't plans to erase student debt for Corinthian ...
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 ...