Corinthian Colleges, Inc. (Everest Institute, Everest, WyoTech, Heald) Update

[hodap2001]

The U.S. Department of Education, Office of Federal Student Aid has created a website dedicated to those individuals currently attending Corinthian Colleges, Inc. (Everest Institute, Everest, WyoTech, and Heald College). Please visit https://studentaid.ed.gov/about/announcements/corinthian for up to date information. CB Members, if you have family or friends attending one of these institutions, please provide them that link as it will be updated with the latest information.

 

This is probably one of the largest for-profit corporations that I've seen in my time that will ultimately close down or drastically reduce in size from 107 campuses nation-wide.

[heather26v]

Thanks for the information Hodap2001! I unfortunately attended one of the schools you listed. I graduated in 2010 with an AAS and told I can come back for another 2 quarters to complete my AA since the units do not transfer to a 4 year college except for Calif State colleges (after completing the extra 2 quarters), Does anyone know if they will make the prior credits transferable so that I can finish my AA without having to start over?

[hodap2001]

You will need to contact Corinthian about transferable credits.

[ChrisAZ]

The U.S. Department of Education, Office of Federal Student Aid has created a website dedicated to those individuals currently attending Corinthian Colleges, Inc. (Everest Institute, Everest, WyoTech, and Heald College). Please visit https://studentaid.ed.gov/about/announcements/corinthian for up to date information. CB Members, if you have family or friends attending one of these institutions, please provide them that link as it will be updated with the latest information.

 

This is probably one of the largest for-profit corporations that I've seen in my time that will ultimately close down or drastically reduce in size from 107 campuses nation-wide.

Wow, if someone is a student there, that is really too bad.

[hodap2001]

Corinthian is offering a teach-out therefore a lot of students can and will graduate from their program of study....also Closed School Discharge is available to them but they must be very careful as the student must not have withdrawn or graduated not more than 90 days from the school closure date or else they're SOL and the debt is their's until paid-in-full! So this can be very dicey! For California students they may be eligible for STRF funds through the California Bureau for Private Post-Secondary Education, but again, its still too early to tell what students could be eligible for....

[hodap2001]

Looks like the CFPB has filed a civil lawsuit against Corinthian Colleges regarding their Private Student Loan lending practices - http://www.usatoday.com/story/money/business/2014/09/16/corinthian-colleges-lawsuit/15720433/