Corinthian Colleges, ITT Tech, and other for-profit college closures left students with debt and no degree. You can get federal student loan discharge, refunds, and compensation.
When for-profit colleges close unexpectedly, students face significant disruption to their education, wasted tuition payments, and worthless credits. In the US, federal borrower defense regulations allow students to discharge federal student loans if their school engaged in misconduct or closed while they were enrolled. The UK has similar protections through the Office for Students (OfS) and Student Loans Company.
Major for-profit college chains like Corinthian Colleges, ITT Technical Institute, and Education Management Corporation have collapsed, leaving hundreds of thousands of students with debt and incomplete degrees. These closures often follow investigations into predatory recruitment, inflated job placement rates, and low-quality education.
Students affected by closures have multiple options: closed school discharge (100% loan forgiveness if school closed within 120 days of withdrawal), teach-out arrangements to complete degrees at other institutions, tuition refunds from state tuition protection funds, and borrower defense claims for misrepresentation. Time limits apply, so act quickly.
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Common questions about for-profit college closures and student rights
Understand your options for loan discharge, tuition refunds, and degree completion