Corinthian CollegesStudent Loan Relief for North Carolina Corinthian Colleges Students
Corinthian Colleges operated for-profit schools known as Everest College, Everest University, WyoTech, and Heald College until the company closed in April 2015. If you attended one of these schools, you may be eligible to have your student loans forgiven.
If you attended certain Corinthian programs, you may be eligible for faster relief:
Corinthian published misleading job placement rates for many of its programs since 2010, according to the U.S. Department of Education
. Students who enrolled in one of these programs during the covered time period can apply for faster student loan relief through a streamlined relief process. If approved, you could have your Corinthian federal student loan debt forgiven and get refunds for any loan payments you’ve made.
What programs are eligible for streamlined relief, and how do I apply?
If you withdrew from Corinthian between June 20, 2014 and April 27, 2015:
You may be eligible for loan forgiveness and refunds through what’s called a closed school discharge
. If you graduated from the school or transferred your credits and finished your degree elsewhere, you may not be eligible for this relief.
If you believe Corinthian misrepresented its services to you:
You could have your loans forgiven under something known as defense to repayment
. Federal Direct Loan borrowers can potentially discharge their loans if they can prove that the school committed fraud, misrepresented its educational services, or otherwise violated state law related to your loans. Find more information on this option for Corinthian borrowers from the US Department of Education
If you want assistance preparing and submitting your defense to repayment claim, we can refer you to a network of independent North Carolina non-profit organizations for help. Email us
your name, phone number, email address, mailing address, the school/campus you attended, which program you were enrolled in, and any additional details about your situation.
What about loan forbearance?
Several relief programs give you the option of continuing to pay on your student loans while your application is pending. This is known as putting your loan into forbearance. Consider the benefits and costs of forbearance carefully. During forbearance, you won't have to make payments on your loans, but you will continue to be charged interest. If your application is denied, then you'll owe the all of the interest charged during the forbearance.
Relief from private student loans
Borrowers who took out private student loans through Corinthian’s Genesis program may also be eligible for some debt relief under a settlement
with the Consumer Financial Protection Bureau (CFPB). If you were covered by this settlement, you should have received a letter in March 2015. If you're not sure, contact the CFPB
or ask your loan servicer – the entity that sends you monthly statements about your private loan.
Other Resources on Relief for Corinthian Students