OLYMPIA Washington State Attorney General Bob Ferguson recently announced that Lake Oswego, Ore.-based Aequitas Capital Management must provide nearly 2,000 Washington student loan borrowers more than $7 million in debt relief.
Washington Attorney General Bob Ferguson
A motion was filed in federal court that, when approved, will allow Ferguson to file an assurance of discontinuance forcing the investment management firm to reduce, and in some cases eliminate, private student loan debt it manages for former students of for-profit Corinthian Colleges.
Aequitas exploited the broken promises that Corinthian made to Washington students, Ferguson said. These student borrowers deserve relief.
Corinthian owned and operated seven Washin…
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