According to the Consumerist Corinthian Reached a deal with operators of Everest University, WyoTech, and Heald College — were busy slapping For Sale signs on almost all of their campuses around the country.
Their 4th of JULY was definitely an eventful one,and What’s still not known is whether students at any of the for-sale or teach-out campuses will be given the option of ending their education and having their federal student loans discharged.
Federal law allows for students at closed schools who choose to not continue their education to apply for a 100% discharge of their student loan obligation. Since the sale/teach-out programs could keep those students moving forward with their schooling, the government hopes to not lose out on the $1 billion or more that it could lose through discharge.
Source:www.consumerist.com
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