Former Corinthian College students who were seeking to have their private loans discharged after the giant for-profit higher education company collapsed have been denied their day in court.
In July, Deborah Terrell, a former Corinthian student, filed a class action lawsuit against three loan servicing companies—Turnstile Capital Management (Turnstile), Balboa Student Loan Trust (Balboa), and University Accounting Service (UAS)— that respectively bought, held, and attempted to collect on the debt from Corinthian’s private student loan program. Terrell, who graduated one month before the for-profit chain shut down all of its California schools in 2015, sought damages for harassment from UAS and the cancellation of all Corinthian private loan debt held by Turnstile and Balboa.
The lawsuit received heavy media attention from the likes of Politico, Buzzfeed, MarketWatch, and other notable news outlets. But, as far as we can tell, nobody has reported on what happened next.
Read more at The New America Foundation: https://www.newamerica.org/education-policy/edcentral/incomplete-justice-defrauded-corinthian-college-students/