New York Attorney General Eric Schneiderman joined 10 other state attorneys general on Wednesday in a letter to the U.S. Department of Education asking secretary Arne Duncan to provide more information to students who attended the now closed Corinthian Colleges.
The college, which had several locations around the country, closed 30 colleges abruptly after it was hit with a lawsuit claiming it misled students on the programs it had available. Schneiderman said Everest Rochester in Irondequoit had about 400 students attending when it closed on April 25.
“Everest Rochester students have invested significant time and hard work in their studies, and many have taken out student loans,” Schneiderman said. “It is crucial that Everest Rochester students receive clear information from the Department of Education about their options, including their eligibility for student loan forgiveness.”
Those students are eligible for forgiveness of their student loans, however, if they transfer their credits to another school they will lose that eligibility, Schneiderman said.
The letter asked the education department to warn students about the possibility of losing that eligibility if they transfer their credits. It also requested the department send the loan forgiveness application directly to students instead of requiring them to “jump through hoops” to get it, Schneiderman said.
The letter was also signed by attorneys general from Connecticut, Hawaii, Illinois, Kentucky, Maine, Maryland, Minnesota, Missouri, New Mexico and Oregon.