Mass. suit accuses Corinthian Colleges of deceptive practices
- A suit filed Thursday by Mass. Attorney General Martha Coakley accuses for-profit Corinthian Colleges Inc. and Corinthian Schools Inc. of deceiving students.
- The company operates Everest Institute in the state and allegedly used deceptive marketing, convinced students to enroll and before having them take out high-interest subprime loans. The students were told this was in order to qualify for federal student loan programs.
- A spokesman for the school claims that Coakley's office hasn't produced a single student complaint after a three-year investigation, but the court filing quotes students as saying, "[I]t felt like they just wanted your money.. . . [T]hat school is a scam," and, "I feel like I got a brand new car which I'm paying for but I can't drive it."
This isn't the first time Corinthian has found itself in hot water. In fact, it's not even the first time this year. It's also not Coakley's first time to the for-profit litigation rodeo. Last year, her office got former Sullivan & Cogliano Training Centers, Inc., students a reimbursement via a $425,000 settlement, and also filed suit against American Career Institute.
- The Boston Globe Coakley sues for-profit school, alleging deceptive practices
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