{
  "id": "R44068",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "R44068",
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  "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 447982,
      "date": "2015-12-14",
      "retrieved": "2016-04-06T17:44:20.143849",
      "title": "Effect of Corinthian Colleges\u2019 Closure on Student Financial Aid: Frequently Asked Questions",
      "summary": "Corinthian Colleges, Inc. (CCI) was the parent company of several private, for-profit institutions of higher education, including the Everest Institute, Everest Colleges, Heald Colleges, and Wyotech Technical Schools. CCI operated more than 100 of these institutions across the nation, with total enrollments of approximately 72,000 students who annually received roughly $1.4 billion in federal financial aid.\nIn summer 2014, the Department of Education (ED) limited CCI\u2019s access to federal student aid in response to CCI\u2019s failure to address concerns relating to a variety of practices, including failing to provide ED with requested data related to CCI\u2019s Title IV federal student aid participation. To avoid abrupt closure of its schools due to the financial stresses that the limited access to federal student aid put on CCI, the company and ED reached an agreement under which CCI agreed to sell or \u201cteach-out\u201d its educational programs. Subsequently, the Zenith Education Group (Zenith) was formed by the Education Credit Management Corporation (ECMC) as a nonprofit entity for the purpose of buying a large portion of CCI\u2019s schools. Those CCI schools not purchased by Zenith closed.\nThis report answers several frequently asked questions regarding the effect of the sale and closure of CCI\u2019s schools as they relate to former CCI students\u2019 student aid, including the following:\nAre former CCI students eligible to have their student loans discharged?\nHow many former CCI students are eligible for or have received federal student loan discharge as a result of CCI\u2019s actions?\nHow will the discharge of federal student loans affect former CCI students\u2019 future eligibility for loans?\nWill the discharge of student loans create an income tax liability for former CCI students?\nIs there any relief for former CCI students who received Pell Grants?\nIs there any relief for former CCI students who received GI Bill benefits?\nAdditional information on the HEA federal student loan programs is available in CRS Report R40122, Federal Student Loans Made Under the Federal Family Education Loan Program and the William D. Ford Federal Direct Loan Program: Terms and Conditions for Borrowers, by David P. Smole; and CRS Report RL31618, Campus-Based Student Financial Aid Programs Under the Higher Education Act, by Alexandra Hegji and David P. Smole.\nAdditional information on the Pell Grant program is available in CRS Report R42446, Federal Pell Grant Program of the Higher Education Act: How the Program Works and Recent Legislative Changes, by Cassandria Dortch.\nAdditional information veterans\u2019 education benefits is available in CRS Report R42755, The Post-9/11 Veterans Educational Assistance Act of 2008 (Post-9/11 GI Bill): Primer and Issues, by Cassandria Dortch; and CRS Report R42785, GI Bills Enacted Prior to 2008 and Related Veterans\u2019 Educational Assistance Programs: A Primer, by Cassandria Dortch.\nAdditional information on institutional eligibility to participate in the Higher Education Act Title IV federal student aid programs is available in CRS Report R43159, Institutional Eligibility for Participation in Title IV Student Financial Aid Programs, by Alexandra Hegji.",
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    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc821006/",
      "id": "R44068_2015Jun17",
      "date": "2015-06-17",
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    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc807523/",
      "id": "R44068_2015Jun11",
      "date": "2015-06-11",
      "retrieved": "2016-03-19T13:57:26",
      "title": "Effect of Corinthian Colleges\u2019 Closure on Student Financial Aid: Frequently Asked Questions",
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  "topics": [
    "Domestic Social Policy"
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