College Watch List

Everest Institute in Silver Spring, Md. Corinthian Colleges, which owns Everest, Heald College and WyoTech schools, is being sued by the federal Consumer Financial Protection Bureau for what it calls a “predatory lending scheme,” the agency said Tuesday, Sept. 16, 2014.The federal government recently published a list of colleges who were on a watch list for financial reasons. Time.com recently published an article about the publishing of this once secret list. Secretary Ted Mitchell writes, “… we are watching these institutions more closely to ensure that institutions are using federal student aid in a way that is accountable to both students and taxpayers.” Last year when Corinthian Colleges collapsed, tens of thousands of students were effected by losing their ability to complete their degrees.

 

What would you do if your college was on this list?

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