Frequently Asked Questions About Corinthian Colleges | Federal Student Aid

Frequently Asked Questions About Corinthian Colleges

Frequently Asked Questions About Corinthian Colleges

Questions About Corinthian Colleges’ Loss of Eligibility for the Federal Student Aid Programs
Questions About Eligibility for Federal Student Loan Discharge
Questions About Schools That Zenith Has Acquired
Questions About Schools That Zenith Plans to Teach Out


Questions About Corinthian Colleges' Loss of Eligibility for the Federal Student Aid Programs

1.   My school has lost eligibility to receive federal student aid funds from the U.S. Department of Education (ED). What is ED doing to assist students like me?

ED has provided information regarding the options students currently have, including closed school loan discharges.  

ED continues to work with Corinthian to process student records from the affected schools as soon as possible so that transfer schools can access students’ remaining federal student aid eligibility.

Students interested in transferring their credits to another school should contact that institution to confirm that they will accept Corinthian credits and to determine next steps.

2.   Which campuses are impacted by the closure of Corinthian Colleges?

Corinthian Colleges announced their closure on Monday, April 27, 2015, and none of the 30 campuses are operating or offering instruction.  

3.   Will I be able to continue to receive financial aid?

Students who transfer to another school may continue to receive financial aid under certain conditions. Check with your new school for additional information.

4.   Will I be able to finish the current term or semester?

Corinthian Colleges notified ED of its closure effective Monday, April 27, 2015. Students who transfer to a new school may be able to finish the current term or semester. If you do transfer into a comparable program offered by another school, that school will evaluate your Corinthian course work and will decide whether to give you credit for the work already completed, and what courses you need to take to complete your program of study.  

5.   Will I be able to complete my program?

Corinthian Colleges notified ED of its closure effective Monday, April 27, 2015. Students who transfer to a new school may be able to complete their program. If you do transfer into a comparable program offered by another school, that school will evaluate your Corinthian course work and will decide whether to give you credit for the work already completed, and what courses you need to take to complete your program of study.   

6.   Where can I get information about the status of my school or the location of my school records?

View the list of accrediting agencies and state licensing agencies for your school. Additional information on the location of student records can be found on the Corinthian Colleges’ website.

7.   Where can I find information about the federal student aid I’ve received and how much more I might be eligible to receive?

For information on your federal student aid history and your remaining eligibility for certain federal student aid programs, please visit My Federal Student Aid

8.   Where can I learn more about applying for a State Tuition Recovery Fund?

Each state is different. View the information for your state.

Arizona: Arizona State Board for Private Postsecondary Education
California: California Bureau of Private Postsecondary Education
Hawaii: Hawaii Post-secondary Education Authorization Program
New York: Bureau of Proprietary School Supervision
Oregon: Oregon Department of Education

Top

 


Questions About Eligibility for Federal Student Loan Discharge

9.   Will I be eligible for a closed school loan discharge?

You may be eligible for a 100% discharge of Direct Loans, Federal Family Education Loan (FFEL) Program loans, or Federal Perkins Loans you received to attend any school under either of these circumstances:

  • Your school closes while you're enrolled, and you do not complete your program, either at the closed school or another school. If you were on an approved leave of absence when the school ceased operations, you are considered to have been enrolled at the school when it closed.
  • You stopped attending your school within 120 days* before it closed.

You are not eligible for discharge of your loans if your school closes and any of the following is true:

  • You have completed all the course work for the program, even if you have not received a diploma or certificate.
  • You stopped attending more than 120 days* before the school closed.
  • You enroll in and you complete a comparable educational program at another school and receive credits for the classes you took at the closed school. However, if you enroll in this comparable program and complete it, but the new school does not give you credit for any course work completed at the closed school, you would be eligible for a closed school discharge.

You also may be eligible for a closed school loan discharge in special circumstances, such as if you received a degree or certificate but didn’t complete your instruction or transferred but pursued a different program of study. Get information about how these special circumstances may impact your eligibility for a closed school loan discharge.

*Note: A closed school loan discharge normally applies only to students who withdrew (without completing their program) within 120 days of the school’s closing date, or were attending when the school closed. But for Corinthian students, the Secretary of Education has extended the time frame to include any Corinthian student who withdrew from one of its closed schools on or after June 20, 2014.  

10.   Do I have the option to refuse the teach-out and get a closed school discharge?

  • If your school ceases providing instruction to complete your program and offers you the option to complete your education at another school, you may refuse the option and still qualify for a federal loan discharge. 
  • If you refuse the teach-out option, but you later enroll at another school in substantially the same program in which you had been enrolled, the school gives you credit for work completed at your current school, and you complete the program at that school, you may not qualify for closed school discharge.

11.   What is the deadline for applying for a closed school discharge?

There is no deadline for applying for a closed school discharge.

12.   How do I apply for a closed school discharge?

  • Contact your loan servicer about the application process for getting your loan discharged.

All completed Closed School Loan Discharge Applications must be sent to your requisite loan servicer.  

13.   How do I find out which loan servicer is servicing my account?

Log in to My Federal Student Aid or call 1-800-4-FED-AID.

14.   Am I eligible to have my private student loans forgiven?

Only federal loans are eligible for the closed school discharge described here. For information regarding any options that may be available with respect to the private loans you received to attend Corinthian, contact your private loan lender.

Top

 


Questions About Schools That Zenith Has Acquired 

15.   When did the sale take place?

Zenith finalized its acquisition of more than 50 Everest and WyoTech campuses from Corinthian College on Feb. 2, 2015. View the list of campuses acquired by Zenith.

16.   What are my options for continuing my studies if my school was sold?

This change in ownership has no immediate impact on your ability to continue your studies at your school or to receive federal student aid funds from the U.S. Department of Education. In addition, you may be able to transfer to another eligible school that offers a comparable educational program. If you transfer to another school, that school decides whether to give you credit for work you completed at your original school.

17.   Will I be able to finish the current semester/term?

This change in ownership has no immediate impact on your ability to complete the current semester or term. 

18.   Will I be able to complete my program?

Yes. If you wish to continue your program at your school, you will be able to complete your program of study at the appropriate Zenith campus. You may also be provided other options by Zenith staff for transferring to a different program. Further, if you do transfer into a comparable program offered by another school, that school will evaluate your Zenith/Corinthian course work and will decide whether to give you credit for the work already completed, and what courses you need to take to complete your program of study. 

19.   What happens to my student loan or Federal Pell Grant under the acquisition?

Your student loan and Pell Grant eligibility will remain the same while the Zenith campus applies for eligibility to participate in the federal student aid programs under the new ownership.  

20.   Will I have to reapply for admission to Zenith?

No, former Corinthian students will not be required to reapply for admission to a Zenith school that has been acquired through the sale.

21.   Will the change in ownership affect my eligibility for federal student aid?

As long as the U.S. Department of Education continues to approve the Zenith school for federal student aid purposes, you will be able to continue to receive federal aid for which you are eligible.  

22.   If the U.S. Department of Education does not approve the school for federal aid purposes after the change in ownership, what are my options?

  • If the school closes, you may qualify for discharge of federal loans already received for attendance at that school.
  • If the school does not close, you may continue your enrollment in the program, but you will not be able to receive new federal student assistance, and will not qualify for discharge of federal loans already received for attendance at that school.
  • You may transfer to a school that is eligible to participate in the federal student aid programs, and obtain federal student aid funds to complete your program of study there.

23.   Will I have to reapply for financial aid?

No, you will not be required to complete a new Free Application for Federal Student Aid (FAFSA®) for the current term or award year. However, you may be asked to update your current FAFSA.

Top

 


Questions About Schools That Zenith Plans to Teach Out 

24.   My school informed me that it is planning a “teach-out” for my program. What does this mean?

A teach-out means the school will complete instruction to all currently enrolled students, but not enroll any new students because it is planning on ceasing operations. 

25.   What are my options for continuing my studies if my school is being taught out?

Zenith has indicated its intention to conduct teach-out of the programs for 12 acquired schools. A teach-out provides the opportunity for you to finish your program at your school. However, you should contact the institution for additional information if you are enrolled at one of the schools Zenith plans to teach out.

26.   What happens to my student loan or Federal Pell Grant if my school is scheduled to be taught out?

If you remain enrolled in your program at Zenith and the U.S. Department of Education continues to approve the Zenith teach-out school for federal student aid purposes, there is no impact on your student loans and Pell Grant funds for which you qualify.  

27.   Will I be required to apply for admission at the school providing the teach-out?

No, you will not be required to apply for admission.

28.   Will I be required to reapply for financial aid at a school Zenith is teaching out?

No, you will not be required to complete a new Free Application for Federal Student Aid (FAFSA) for the current term or award year.   

Top