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Monday, May 23, 2022

Students Seek $2.5B Claim Against Corinithian

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Attorneys for former students of Santa Ana-based Corinthian Colleges Inc. are asking a court for permission to file a $2.5 billion claim against the bankrupt former operator of for-profit schools, the Wall Street Journal said.

The claim is said to cover college costs and lost wages by 500,000 former students who attended Corinthian schools between 2000 and 2015.

Corinthian filed for bankruptcy in May after shutting down its last locations. It had been selling or closing its more than 100 campuses since last summer under a deal with the U.S. Dept. of Education.

Former Corinthian students have since been seeking various concessions from the department, including cancellation of their federal student loan debts.

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