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Corinthian Colleges, Inc. d/b/a Everest College, WyoTech, and Heald College

The Bureau sued for-profit college chain Corinthian Colleges, Inc. for its illegal predatory lending scheme. The Bureau alleges that Corinthian lured tens of thousands of students to take out private loans to cover expensive tuition costs by advertising bogus job prospects and career services. Corinthian then used illegal debt collection tactics to strong-arm students into paying back those loans while still in school.

At the request of the CFPB, a federal court entered a final default judgment against Corinthian Colleges, Inc., resolving a lawsuit filed by the CFPB in September 2014. The court ordered that Corinthian was liable for more than $530 million and prohibited the company from engaging in future misconduct.

Related documents

Complaint for Permanent Injunction and Other Relief

Default Judgment and Order

Press releases

CFPB Sues For-Profit Corinthian Colleges for Predatory Lending Scheme

CFPB Secures $480 Million in Debt Relief for Current and Former Corinthian Students

CFPB Wins Default Judgment Against Corinthian Colleges for Engaging in a Predatory Lending Scheme