Former Kentucky Corinthian College Students to Receive $790,000 in Loan Debt Relief

Attorney General Andy Beshear announced Thursday, August 17 that 120 former Kentucky Corinthian College students will receive more than $790,000 in loan debt relief from a proposed settlement with Aequitas Capital Management. Beshear joined with 12 states and the US Consumer Financial Protection Bureau on the proposed settlement with a court-appointed Receiver representing the Oregon-based private equity firm and related entities. The settlement ends claims Aqueitas enabled the defunct for-profit Corinthian College to take advantage of student borrowers through predatory private student loans. Beshear said Kentucky students will receive details regarding the relief program within 90 days of the effective date one the settlement is approved by the US District Court in Oregon.

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