U.S. Magistrate Judge Sallie Kim held Education Secretary Betsy DeVos in civil contempt of court on October 24, 2019, for violating a preliminary injunction barring the Department of Education from collecting on loans from 16,000 former Corinthian Colleges students and fined the Department $100,000. …
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On December 21, 2017, Secretary Betsy DeVos announced a radical departure from Obama administration policy by implementing an earnings-based formula for Corinthian Colleges debt relief that denied full forgiveness to fraud victims and calculated partial relief based on post-graduation earnings. …
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Corinthian Colleges abruptly shut down all 28 of its remaining campuses on April 26, 2015, stranding 16,000 students mid-semester, and filed for Chapter 11 bankruptcy protection on May 4, 2015, after months of federal and state investigations exposed systematic fraud affecting over 72,000 students. …
Fifteen former students of Corinthian Colleges launched the first student debt strike in U.S. history on February 23, 2015, refusing to repay federal loans for what they characterized as fraudulent education that left them deeper in poverty with worthless degrees. Organized by the Debt Collective, …
The U.S. Department of Education imposed a 21-day hold on all federal aid flowing to Corinthian Colleges on June 12, 2014, after the for-profit chain—operating as Everest College, WyoTech, and Heald College—refused to provide documentation substantiating falsified job placement rates. The action …
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