The college chain abruptly closed 28 campuses across the country last month after the U.S. Department of Education announced $30 million in fines for misrepresentation.
The Federal Student Aid Office says if students experience unauthorized withdrawals from their accounts, they need to contact their bank and the authorities.
Former criminal justice instructor Nancy Brakensiek was just as surprised as her students when Heald College announced it was closing.
A top education official said Wednesday that the 16,000 former Corinthian Colleges students who saw their campuses abruptly close this week will automatically have their federal student loans discharged – but only if they agree to forgo any credits they earned at the schools.
Local students are left scrambling after Heald Colleges across California closed their doors with little notice.
It could be the biggest collapse in U.S. higher education, and it’s hitting close to home.
Corinthian Colleges will shut down all of its remaining 28 ground campuses, displacing about 16,000 students.
Dozens of people trying to keep Heald College open rallied outside the California attorney general’s office in Sacramento Friday.
Sarah Dieffenbacher is on a debt strike. She’s refusing to make payments on the more than $100,000 in federal and private loans she says she owes for studies at a for-profit college that she now considers so worthless she doesn’t include it on her resume.
It’s not the first time Heald has been in the middle of a controversy. There have been lawsuits, the U.S. Department of Education has limited federal money, and if the school fails to turn in documents proving its stability, the grants may be permanently suspended.
The sale of Everest and WyoTech campuses to the non-profit company ECMC Group would allow more than 39,000 students to continue attending class, the company said Thursday.
Multiple state and federal investigations took a look at the company’s business practices, and allege Corinthian falsified job placement data and altered grades and attendance in marketing claims to prospective students.