New York State Attorney General Eric Schneiderman and 10 fellow state Attorneys General have sent a letter to the U.S. Education Secretary, expressing concern about information the federal government has provided to students affected by the sudden closure of 30 colleges operated by Corinthian Colleges.
That includes Everest Institute in Irondequoit. That school closed April 27, and Schneiderman says that left around 400 students, many dealing with student loans, worried and confused about their options.
Current Everest students and those who withdrew shortly before the closure are eligible for forgiveness on their federal student loans. But students who choose to transfer credits to another school and complete their program of study lose their eligibility for that forgiveness.
The Attorneys General are requesting that the U.S. Department of Education warn students about the possibility they could lose eligibility for that loan forgiveness if they transfer their credits. The state officials also request the federal agency make it easier for students eligible for the loan forgiveness to get the paperwork they need.
