RICHMOND, Va. (Legal Newsline) – Virginia Attorney General Mark R. Herring announced Dec. 6 that more than 5,000 Virginia students formerly enrolled in schools operated by Corinthian Colleges Inc. - including Everest Institute, Everest College, Everest University, Heald College and Wyotech - could receive loan forgiveness.
The announcement came after
the U.S. Department of Education (USDOE) released a finding that stated
Corinthian and its subsidiaries misled consumers about job placement
rates after graduation.
Corinthian managed several Everest
facility branches in Virginia, including Everest Arlington, Everest Chesapeake,
Everest Newport News, and Everest Tyson's Corner. Corinthian filed for
bankruptcy and closed for good in 2015.
"In many cases students
are still repaying the debt they incurred based on false pretenses even though
Corinthian Colleges and its subsidiaries have closed their doors," Herring
said. "In the next few weeks we will be reaching out by email to let
potentially qualified students know about the possibility of debt forgiveness.
If you think you might be eligible, keep an eye on your inbox and contact us or
contact the Department of Education directly if you have any questions."