Former Corinthian College students eligible for student loan cancellation

Former Corinthian College students eligible for student loan cancellation

Overview

by WHAM

NEW YORK, N.Y. (WHAM) – Thousands of former Everest Institute students could be eligible to have their federal student loans cancelled, according to New York State Attorney General Eric Schneiderman.

On Friday, Schneiderman’s office started notifying 3,000 people in New York who attended certain programs within the Corinthian Colleges program. This includes the Everest Institute in Rochester.

Everest Institute and Everest University, both run by Corinthian, shut down without warning in 2015.

The U.S. Department of Education determined the school made misrepresentations about the employment success of graduates of certain programs.

“Corinthian Colleges used false promises of career success to lure students, leaving many with enormous debt and few job prospects,” said Attorney General Schneiderman.

Students who enrolled in any of the programs listed here during specified time periods could have their federal student loans cancelled.

A group of 43 other states and the District of Columbia are working to help thousands of former students. Students will receive a notification from his office that contains an application for loan cancellation. If a student’s application is approved by the DOE, the students’ loans will be cancelled, and any payments already made will be refunded.

Information about loan forgiveness can be obtained here. The Department of Education will never charge application or maintenance fees.