The U.S. Department of Education announced a loan forgiveness program for students who were defrauded by Corinthian Colleges Inc., the now-defunct, for-profit college chain that operated Everest and WyoTech campuses.
The federal loan forgiveness program will cover students enrolled in programs at 91 former Corinthian campuses in over 20 states, including seven Everest campuses in Illinois. According to Illinois Attorney General Lisa Madigan, thousands of former Everest students are eligible for student loan relief.
An investigation into Corinthian Colleges by Madigan's office found what it described as "widespread misrepresentations to prospective students."
"Students who were lured into for-profit schools such as Corinthian deserve relief," Madigan said in a statement. "[This] action by the Department helps, but I will continue to fight for relief for Illinois students who Corinthian and other for-profit schools lied to and took advantage of."
The Education Department said it has already approved more than $130 million in loan relief for over 8,800 former Corinthian students nationwide.
Additional relief is available for certain Illinois students who were enrolled in Everest programs at campuses in Bedford Park, Burr Ridge, Chicago, Melrose Park, Merrionette Park, North Aurora and Skokie.
Madigan's office said the Education Department will be contacting students eligible for relief. Such students can apply for debt relief through a federal form found here.