The Center for Excellence in Higher Education, Inc. of Salt Lake City operated CollegeAmerica, which had campuses in Colorado and Arizona and provided associate degrees in business, computer technology, and medical assisting as well as bachelor’s degrees in both business and computer science. 2021 saw its end. FN.
Student Loan Forgiveness
Colorado Attorney General Phil Weiser announced in a press conference that 7,400 former students who attended the three CollegeAmerica locations in Colorado between January 1, 2006, and July 1, 2020 will have their federal student loans forgiven and the remaining balances repaid after the school overstated — sometimes by double — the salaries that graduates could earn.
“They essentially sought to get people to enroll in degree programs that they knew wouldn’t produce the outcomes they were promised. The internal data they obtained demonstrated that students weren’t earning this money, obtaining these positions, or even receiving the training they had been promised, according to Weiser. WCCS.
Former students don’t have to do anything to have their loans erased, Federal Student Aid Chief Richard Cordray stated at the press conference.
Government Offers Loan Forgiveness for Thousands of Colorado Students
According to Cordray, the Department of Education confirmed the conclusions reached by the Colorado Attorney General’s office after ten years of looking into the private professional school. According to Cordray, the university understood that graduate job placement wasn’t as high as advertised—it was actually closer to 40%—and made bigger salary promises than were reasonable.
These are only two of the significant misrepresentations made by CollegeAmerica, according to Cordray.
“This class of professional critics moves seamlessly between government service, think tanks, and private entities and believes that the profit motive is inherently incompatible with higher education,” the complaint claims.
Stevens-Henager College in Idaho, California College in San Diego, CollegeAmerica in Denver, and CollegeAmerica in Arizona were the four branches of the Center for Excellence in Higher Education that are currently closed.
CollegeAmerica Arizona had schools in Flagstaff and Phoenix, while CollegeAmerica Denver had campuses in Denver, Fort Collins, and Colorado Springs. In 2017, a CollegeAmerica branch in Cheyenne closed.
According to online school catalogs, CollegeAmerica’s total tuition fees varied from around $40,000 to acquire an associate degree to $75,000 to earn a bachelor’s.