Update | Project on Predatory Student Lending Releases Poster Explaining Rights and Options of Students Who Attended Closed Everest Schools
April 14, 2015
LSC’s Project on Predatory Student Lending, along with the National Consumer Law Center’s Student Loan Borrower Assistance Project, released a poster showing rights and options of students at the two Massachusetts Everest schools, as well as other Corinthian-owned schools that closed or are in the process of closing.
For-Profit Corinthian Colleges agreed to shut down operations and sell many of its campuses. Prior to that agreement, the Massachusetts Attorney General sued the schoolsfor taking advantage of students with high-pressure and deceptive recruiting, and misleading students about the value of the schools’ services and career preparation and opportunities in order to boost profits at students’ expense.
The shut-down agreement is complicated, and it continues to be difficult for Everest students who struggle with large debts and few employment prospects to figure out their best options. The poster displays options for students at the schools that have closed or will close. The options for students at schools that continue to operate, either under Corinthian’s ownership or under other ownership, are more limited.
A downloadable pdf of the poster is available here.