Attorney General Bob Ferguson is notifying thousands of Washingtonians who attended schools operated by Corinthian College Inc. that they are eligible for cancellation of their federal student loans, according to a news release.
Ferguson is reaching out to certain students who attended Corinthian schools, including Everest Institute, Everest College, Everest University, Herald College, and Wyotech.
The U.S. Department of Education found Corinthians College Inc. was misrepresenting job placement rates between 2010 and 2014. Since then the Department of Education has decided to fine the company $30 million, according to officials.
“Student borrowers victimized by Corinthian’s deceptive and illegal practices deserve this important loan relief,” Ferguson said.
Approximately 5,700 Washington residents who attended programs at Corinthian schools are eligible for the student loan cancellation, the attorney general’s office reports.
Ferguson says students who are eligible to cancel student loans will receive a letter in the mail and must complete a short application filed with the U.S. Department of Education.
Once a student’s loan is canceled, the student is no longer obligated to make payments towards the loan, according to the attorney general’s office.
Students that don’t fall within the affected campuses, programs and dates of enrollment do not qualify for the cancellation of their federal student loans. However, according to the U.S. Department of Education, students who feel that their school lied about job prospects, transferability credit or any other issues can still apply for their loans to be canceled.
To apply for federal student loan cancellation, click here.
Students can also call the U.S. Department of Education hotline at 1-855-279-6207 or e-mail questions about the discharge of their federal student loans to FSAOperations@ed.gov.
For more information on the attorney general’s office Student Loan Survival Guide, click here.