CORINTHIAN SHUTDOWN A CAMPAIGN BY Higher Ed Not Debt
     

CORINTHIAN STUDENTS
DESERVE A FULL REFUND

Corinthian College, a for-profit company which operates 107 colleges under Everest, WyoTech, and Heald brands, is closing or selling their schools after the Department of Education found the company ripped off students by manipulating job placement rates. Consumer Financial Protection Bureau Director Richard Cordray says, “Corinthian too often turned the American dream of higher education into an ongoing nightmare of financial despair.”

Companies shouldn’t be allowed to take advantage of American students and prioritize their own profit over student success. All students that attended Corinthian schools should be eligible for a FULL refund on their student loans.

Let’s make sure our student loans aren’t funding Corinthian’s bankruptcy.

 

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RESOURCES

School Closing?   School Sale?   Teach-Outs   Debt Management
 

NEWS AND UPDATES

On November 20, 2014, Corinthian Colleges Inc. announced it would sell 56 Everest and WyoTech campuses to the Education Credit Management Corporation (ECMC). Unfortunately, the deal announced leaves many questions unanswered. Here’s what we do know:

  • ECMC will purchase all Everest and WyoTech schools that are based outside of California. For a full list of the schools ECMC will buy, click here. And for more information on why ECMC did not buy California schools, click here.
  • ECMC will form a nonprofit education entity called Zenith Education Group that will operate the schools.
  • The sale is expected to be finalize by January 5th, 2015.
  • For most students at these schools, the sale will not impact their ability to continue their program.
  • ECMC has pledged to lower tuition by 20%.

We will alert you when we have more information about how this deal affects you, and what information you need to know. But until we have more specifics, Higher Ed, Not Debt is concerned that the deal does not put student’s first. Higher Ed, Not Debt released the statement about the deal.

 

Are You a Veteran? Tell the Department of Veteran Affairs about your experience and find veteran-specific resources.

Find out more about Corinthian Colleges and why it is closing.


  

The federal government is suing Corinthian. If you are a current or former student at a Corinthian College, be sure to read this “Special Bulletin for Corinthian Students” from the Consumer Financial Protection Bureau.
     

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