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Major For-Profit College Chain Collapses, Leaving Students Scrambling | MarketWatch

A major for-profit college chain shut down Wednesday, leaving roughly 20,000 students scrambling to figure out their next steps. Education Corporation of America, the parent company of schools like Virginia College and Brightwood Career Institute, closed its doors after several months of financial turmoil due in large part to declining enrollment.

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Major For-Profit College Chain Abruptly Announces Closure of Dozens of Schools | Associated Press

One of the nation’s largest for-profit college chains announced Wednesday that it was abruptly closing in dozens of locations nationwide, after its accrediting agency suspended approval. Birmingham, Alabama-based Education Corp. of America said it was closing schools operating as Virginia College, Brightwood College, Brightwood Career Institute, Ecotech Institute and Golf Academy of America in more than 70 locations in 21 states.

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For-Profit College Closes Operations, Surprising Students | Associated Press

One of the nation’s largest for-profit college chains announced Wednesday that it was abruptly closing in dozens of locations nationwide, after its accrediting agency suspended approval. Birmingham, Alabama-based Education Corp. of America said it was closing schools operating as Virginia College, Brightwood College, Brightwood Career Institute, Ecotech Institute and Golf Academy of America in more than 70 locations in 21 states.

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Feds Found Widespread Fraud at Corinthian Colleges. Why are Students Still Paying the Price? | The Washington Post

Nearly 80,000 students of defunct for-profit giant Corinthian Colleges are facing some form of debt collection, even though the U.S. Department of Education unearthed enough evidence of fraud to forgive their student loans, according to an investigation by the staff of Sen. Elizabeth Warren (D-Mass.).

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The U.S. Government Is Collecting Student Loans It Promised to Forgive | Bloomberg

The Obama administration has been actively seeking loan payments from thousands of former students eligible for a debt-forgiveness program.

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Elizabeth Warren Trains Her Sights on a New Target | Bloomberg

The U.S. Department of Education’s debt collectors may be violating the law by collecting on defaulted federal student loan debt that’s likely invalid yet owed by “vast numbers” of defrauded for-profit college students, Senator Elizabeth Warren (D-Mass.) charged Thursday.

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Education Dept. Is Sued Over Debt Collection From Former Corinthian Students | The Chronicle of Higher Education

A former student of the defunct Corinthian Colleges Inc. is suing the U.S. Education Department to ”halt the certification of all Corinthian-related debts,” as a U.S. senator wrote to the department asking why it was collecting such debts.

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Elizabeth Warren Says Government is Forcing Student Borrowers to Pay ‘Fraudulent Debts’ | MarketWatch

Tens of thousands of borrowers who were victims of fraud by their college are losing their tax refunds, Social Security benefits, and facing other debt collection practices over their student loans, according to Senator Elizabeth Warren.

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