The Associated Press announced that Corinthian Colleges will shut down all of its 28 remaining campuses in the wake of the $30 million fine levied by the US Dept. of Education less than two weeks ago.
Corinthian Colleges to Shut Down All 28 Remaining Campuses
(Sorry, the link did not post directly to referenced story, link under US headlines)
Link corrected. Karen
Quote from Mavrick
"Students attending a school that shuts down suddenly, as in this case, are typically eligible for a full discharge of student loan debt." Quoted from the article.
Sure hope so.
I'm sorry to hear that -- why should the students get a free pass on loans they took out in good faith and agreed to pay back? Maybe they should have thought this through and done some further research before they got suckered by the "school." What lesson do they learn if they get magically bailed out?
Last edit by elkpark on Apr 27, '15
: Reason: fixed typo