Corinthian Students Awarded Debt Forgiveness

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A Civil Lawyers view on the Corinthian Fraud Issue and Debt Forgiveness | Reimbursement.

The chance to obtain higher eduction, do better for yourself, your family, and achieve is one of the fundamental concepts our nation was founded upon.  The road to higher education is paved with sacrifice, dedication, and hard work. As a group of civil, administrative and criminal lawyers, we believe in this dream as we live it and take great pleasure in helping those who by fraud or deceit have been prey on for sharing this dream.

Students at Corinthians College, Everest, WyoTech, and Heald were robbed of this opportunity by deceptive trade practices that were in essence fraud. The Corinthian College operated several colleges under the Corinthian College umbrella. Among them were Everest, WyoTech, and Heald. Corinthian operated Everest, WyoTech, and Heald Colleges.  This group “fudged” and falsified numbers of job prospects to its students. The Colleges hired its own graduates to inflate and mislead students in the ability to find work after college as well as engaged in predatory lending schemes praying on those students who were unable to obtain loans.

Corinthian Colleges, Inc., was a large for profit post secondary school in North America. Through a number of subsidiaries it offered students diplomas in health care, business, criminal justice, transportation, technology and maintenance, construction trades, and IT. Students in Arizona, California, Washington, Colorado, Nevada, New York, Pennsylvania, and Canada have been among many have been affected by Corinthian College’s long trail of deception and fraud that culminated in Corinthian posted this message on their website on April 27, 2015. 

Federal regulators prevailed in a $569 million dollar suit against Corinthian who is now bankrupt and defunct. Though Corinthian may hide behind bankruptcy, but the 40,000 plus students and 130,000 plus loans issued by Corinthian, Everest, WyoTech, and Heald may seek justice for this fraud in the form of federal loan forgiveness and debt reimbursement.  Our office is presently taking on new clients to assist them in this process.

For the 40,000 plus students who were mislead by Corinthian’s false statements and fudging of job statistics, the federal government is allowing debt forgiveness for the student loans. Not only may students obtain debt forgiveness, they may also be reimbursed for the amounts that they paid towards the student loans. More information can be found at https://studentaid.ed.gov/sa/about/announcements/corinthian#fraud-violations-state-law or by setting an appointment with our office to discuss your situation.

The federal government is working to stream line the process, but it is taking claims now. Patrick Kwan has researched the issues and is familiar with the formalities and filings of this process. Patrick has taken an interest in helping those students who have been defrauded by Corinthian, Everest, WyoTech, and Heald. “Having gone through my own student loans, I know what its like to invest in yourself and your future. It’s a terrible that greed has corrupted eduction, self-improvement, and dreams. These students need to obtain a remedy and seek justice.”

There are a number of options for students including loan forbearance (halting loan payments), loan forgiveness, and a settlement recently obtained by the Consumer Financial Protection Bureau for private or Genesis loans. Options are available for those who have been defrauded by Corinthian Colleges as well as others.  Patrick Kwan has made it his business to know these routes and help his clients get loans forgiven that were injured due to fraud, among other things.

An article in the Wall Street Journal http://www.wsj.com/articles/corinthian-colleges-ordered-to-pay-damages-to-students-1446059379 goes into more depth regarding Corinthians and the justice that has been served.
To reach Patrick Kwan, contact patrick@rhodeslegalgroup.comRhodes Legal Group, PLLC takes great pleasure in assisting its civil clients in matters concerning fraud.  Email or call us to set a consultation with a lawyer who knows this area of law and wants to help.

With near over 25 years of business world experience as an entrepreneur, distributor and manufacturer, Patrick Kwan is the kind of experienced business leader and lawyer who understands business from conception to sustained, profitable, on-going operation. Mr. Kwan brings his proven track record of success in innovation, leadership, business growth, management, sales, and operations to the counsel and practice of law. As an attorney, he is highly motivated, resourceful, hard-working, goal-orientated, a great team player, well-organized, and able to transcend adversity. Read more >>

Patrick Kwan

With near over 25 years of business world experience as an entrepreneur, distributor and manufacturer, Patrick Kwan is the kind of experienced business leader and lawyer who understands business from conception to sustained, profitable, on-going operation. Mr. Kwan brings his proven track record of success in innovation, leadership, business growth, management, sales, and operations to the counsel and practice of law. As an attorney, he is highly motivated, resourceful, hard-working, goal-orientated, a great team player, well-organized, and able to transcend adversity. Read more >>
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