CCI just caved to the CFPB and will provide debt relief of up to 480 million dollars to the students they ripped off. CCI is broke.
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Heald students are not part of that debt relief, because ECMC did not purchase any of the California schools.
The private loans were not expected to be paid back. They were part of the larger scam to keep federal funds flowing.
CCI was already broke. Really, they're just discharging a ton of bad debt. Much of the student debt was never going to be paid back, just as our scamming piece-of-shit ownership planned. How were a bunch of students who could barely attend and pass an eighth-grade level class going to pay back $30 in loans? They weren't.
Check the Ca AG. She is in control, not the WA post.
I think ECMC is taking over the debt to get out from under litigation and legal liabilities. Check the article in the Washington Post.