Former students of Heald College may be eligible for federal student loan cancellation

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Former students may be eligible for cancellation of their federal student loans. (KFSN)

Wednesday afternoon the State Attorney General announced an effort to notify thousands of Californians, who attended schools operated by the now defunct Corinthian Colleges. Former students may be eligible for cancellation of their federal student loans.

Corinthian College was the parent company of Heald College which operated in Fresno and suddenly shut down in 2015. The US Department of Education fined the for-profit group $30-million for misrepresenting post-graduation job placement rates.

The Attorney General's Office said some 38,000 California residents are now eligible for student loan cancellation.

Former students will receive a letter explaining the relief available along with a short application which must be filed with the department of education.

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The Attorney General's Office previously released an online resource for former Corinthian students who have questions about their rights and options at: https://oag.ca.gov/Corinthian

Any student who attended a Corinthian program and believes that the school lied about job prospects, the transferability of credits, or other issues may apply to have their federal student loans canceled using the Department of Education's universal discharge application at https://borrowerdischarge.ed.gov. More information is available at https://studentaid.ed.gov/borrower-defense.

Related Topics:
educationstudent loansattorney generalcaliforniaFresno
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