Former Corinthian Colleges students may now be eligible for loan forgiveness

Posted at 9:42 AM, Dec 06, 2016
and last updated 2016-12-06 09:44:04-05

RICHMOND, Va. – More than 5,000 Virginia students who were formerly enrolled in schools operated by Corinthian Colleges, Inc. may be eligible for loan forgiveness, Virginia Attorney General Mark Herring announced Tuesday.

The announcement comes after a finding by the U.S. Department of Education that Corinthian and its subsidiaries published misleading job placement rates for many of their programs between 2010 and 2014.

Corinthian operates several branches of its Everest facilities in Virginia — Everest Arlington, Everest Chesapeake, Everest Newport News, and Everest Tyson’s Corner.

Corinthian Colleges filed for bankruptcy and ceased operations in 2015.

Attorney General Herring and his Consumer Protection Section are working with the USDOE to notify the approximately 5,300 Virginia students who may be eligible for loan forgiveness.

Eligible students include those who used federal Direct Student Loans to pay for specified programs which were the subject falsely claimed job placement rates. In the coming weeks, the Virginia Attorney General’s Office will reach out to former Corinthian students via email to encourage students to apply for debt relief.

A full list of eligible schools, programs, and enrollment dates is available through the USDOE:

Additional information regarding  Corinthian Colleges is available through the USDOE.