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5,000 Virginia consumers who attended Corinthian Colleges schools could be eligible for loan forgiveness

By Mark Iandolo | Dec 13, 2016

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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."

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Organizations in this Story

Virginia Attorney General's OfficeU.S.Department of Education