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The Problem With The Justice Dept's Settlement With EDMC

11/23/2015

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By Stephen Burd - edcentral.org
The Department of Education has the authority to discharge the federal student loan debt of students who are the victims of fraud—and they are doing so or at least planning on doing so in the case of students who attended the now-bankrupt Corinthian Colleges. However, in the case involving the Education Management Corporation (EDMC), the Justice Department reached a settlement with the for-profit college company, without EDMC having to admit to doing any wrongdoing. As a result, it is going to be much harder for students to have the proof they need to get their loans discharged than if the case had gone to trial and the Justice Department had prevailed.
Over the last decade, there have been dozens of such settlements with for-profit college companies – in which...
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  • Home
  • Where Do I Start?
  • Know Your Loans
  • Defense To Repayment
    • Denials - Defense To Repayment
  • Private Schools
    • Argosy University
    • Art Institutes
    • Brown Mackie College
    • Corinthian Colleges Inc.
    • DeVry University
    • ITT Technical Institute
    • South University
    • University of Phoenix
    • Westwood College
  • Lenders
    • ACS
    • AES
    • Firstmark
    • Great Lakes
    • Navient/Sallie Mae
    • Nelnet
    • University Accounting Services, LLC
    • Wells Fargo
  • For-Profit Companies
    • Alta Colleges Inc.
    • Apollo Education Group
    • Bridgepoint Education
    • Career Education Corporation
    • Corinthian Colleges, Inc.
    • DeVry Education Group
    • Dream Center
    • EDMC
    • ITT Educational Services, Inc.
  • News Feed
  • Contact/Help
  • Donate