DES MOINES, Iowa (Legal Newsline) — Iowa Attorney General Tom Miller announced April 20 that more than 500 Iowans who were students of schools operated by for-profit Corinthian Colleges Inc. will be eligible for cancellation of federal student loans.
Corinthian Colleges operated Everest Institute, Everest College, Everest University and Heald College. The for-profit organization shut its doors in 2015 after scrutiny from various government entities. The U.S. Department of Education looked into the matter and found that between 2010 and 2014, Corinthian Colleges made rampant misrepresentations about post-graduation employment rates for its graduates.
Miller’s office is notifying former students of their potential to have loans forgiven via mail. This coincides with mail notices across the country from more than 40 other attorneys general.
In its news release, Miller’s office noted that borrowers must beware of student loan scams and know that loan forgiveness is available if they have been scammed. These borrowers can apply for forgiveness through the U.S. Department of Education. There are no application or maintenance fees.