Friday, March 25, 2016

Thousands of Everest College Students May Get Loan Relief, Lisa Madigan Says

Here is a press released emailed to the news media at 4:31 p.m. Friday, March 25 by Illinois Attorney General Lisa Madigan:


Attorney General Lisa Madigan announced today that thousands of former Illinois students
Lisa Madigan
who attended Everest Colleges are eligible to have their federal student loan debt forgiven by the U.S. Department of Education.

The Department of Education announced the relief earlier today for former students of colleges operated by Corinthian Colleges Inc., which in Illinois operated Everest College campuses in the Chicago area. The Attorney General’s investigation of Corinthian revealed widespread misrepresentations to prospective students, and the Department of Education last summer announced an overall plan to forgive the federal loan debt of students who have a defense to repayment of their student loans. Today, the Department announced specific relief for students who were defrauded at 91 former Corinthian campuses nationwide, including at seven campuses in Illinois.

“Students who were lured into for-profit schools such as Corinthian deserve relief,” said Madigan. “Today’s action by the Department helps, but I will continue to fight for relief for Illinois students who Corinthian and other for-profit schools lied to and took advantage of.”

Students who are eligible for relief need to complete a form on the Department’s website. They will also be contacted by the Department.

The Department of Education continues to investigate Corinthian’s campuses in Illinois and provided the following list of Illinois campus locations and programs that are now eligible for relief:

Attorney General Madigan is a national leader in investigating and enforcing consumer protection laws in the higher education field. Madigan is leading an investigation into Sallie Mae (now Navient) and has reached several settlements with for-profit schools. Madigan also launched a Student Loan Helpline, 1(800) 455-2456 (TTY: 1 (800) 964-3013), which is answered by trained staff who can assist borrowers, including former Corinthian students who believe they may be eligible for relief.

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