CFPB v. Corinthian Colleges, Inc. d/b/a Everest College, Everest Institute, Everest University, Everest University Online, Everest College Phoenix, Everest College Online, 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 Colleges advertised bogus job prospects and career services to encourage students to take out Genesis loans in order to pay for tuition costs; and used illegal tactics to get students to repay the loans. The Bureau is distributing monies to the Corinthian borrowers who have received only partial forgiveness of their Genesis debt in connection with a settlement with Aequitas.
The CFPB contracted with Analytics Consulting, LLC. to administer payments for this case and to answer questions from consumers. This matter is now closed.
For more information on this closed case, contact us at Consumer Financial Protection Bureau, Attn: OCFO Corinthian Colleges, 1700 G Street NW, Washington DC 20552
September 2018 – June 2019: Distribution