Education

California helps Corinthian Colleges ex-students pursue federal debt relief

Folsom resident Melissa Lauritzen, 31, is one of many students who have graduated from for-proift trade schools only to find themselves deeply in debt and ready to default on their student loans.
Folsom resident Melissa Lauritzen, 31, is one of many students who have graduated from for-proift trade schools only to find themselves deeply in debt and ready to default on their student loans. aalfaro@sacbee.com

The state attorney general’s office has created an interactive tool to help former students of the defunct Corinthian Colleges understand debt relief possibilities under a federal plan announced last week.

An estimated 40,000 borrowers at Heald College – one of Corinthian’s subsidiaries – took on more than $540 million in loans and may qualify for debt relief. The final amount could climb significantly when looking across all Corinthian schools, which include Everest and WyoTech.

A majority of former Heald students in California are eligible for a streamlined process for loan forgiveness, according to the attorney general’s office. Ten of the 13 former Heald College campuses were in California.

The interactive tool is available at oag.ca.gov/corinthiantool.

Loretta Kalb: (916) 321-1073, @LorettaSacBee Associated Press contributed to this story.

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