By Lawrence Pacheco
Colorado Attorney General Phil Weiser applauded todays announcement that the U.S. Department of Education will deliver $130 million in automatic loan forgiveness for 7,400 students who attended Colorado-based locations of CollegeAmerica between January 1, 2006, and July 1, 2020.
The Department found that CollegeAmericas parent company, the Center for Excellence in Higher Education (CEHE), made widespread misrepresentations about the salaries and employment rates of its graduates, the programs it offered, and the terms of a private loan product it offered. The Department used evidence provided by Attorney General Weiser, who led a multi-year investigation and lawsuit against CEHE and its leadership.
Borrowers with ques…
Read the full article at: https://pagosadailypost.com/2023/08/07/colorado-secures-debt-relief-for-defrauded-college-students/