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FOR IMMEDIATE RELEASE

February 3, 2015

CONTACT: Jamal Little

jlittle@americanprogress.org; 202.741.6251

 

Washington, D.C.— Today, Education Credit Management Corporation and Corinthian Colleges, Inc. announced an initial closing on the sale of more than 50 Everest and WyoTech campuses.  Sarah Audelo, Policy Director for Generation Progress, released the following statement in response:

“Generation Progress is encouraged by the CFPB’s actions to secure debt forgiveness for students who fell prey to Corinthian’s predatory lending practices.  While this is an improvement upon earlier discussions of the deal, the Department of Education could have gone further to better protect the interests of students.  Students must be a priority, and Generation Progress will continue to advocate for their interests.”

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