Closures of for-profit colleges ignite cries for new regulations as hundreds of students are left to dry.
The San Bernardino Sun
July 22, 2015
Organizations mentioned/involved: Legal Aid Foundation of Los Angeles (LAFLA)
Following the closure of Four-D and Corinthian Colleges, thousands of students find themselves displaced and facing impending loan repayment requirements. In Four-D’s case, the closure affected about 400 students, but in the case of Santa Ana-based Corinthian Schools Inc., the effect was national.
The far-reaching effects of these closures have prompted legislators to take action to help students relieve their debt. As well, legal advisers to disadvantaged and low-income people are recommending that students displaced from the sudden closures not jump into a decision about what to do next.
“It’s time to consider options,” said Robyn C. Smith, staff attorney for the Legal Aid Foundation of Los Angeles (LAFLA). “Really evaluate the new school. Look at community college options,” said Smith, who has been working with students displaced from the closure of Corinthian Colleges for weeks and now has added Four-D College students into the mix.Tags: Education, Loan Forgiveness, Workers Rights