Written by The Business Journal Staff
California Attorney General Xavier Becerra has scheduled a Thursday morning press conference to announce a settlement of $67 million of debt for former students of Corinthian Colleges.
The for-profit college operator closed its 28 campuses in 2015, leaving about 900 students at Heald College in Fresno without a place to continue their studies.
The federal Education Department cracked down on Corinthian in 2014, restricting access to federal student aid after concerns that the chain was falsifying the job placement rates of its graduates, reported the Associated Press.
The Education Department announced in December it would start granting some former students partial federal student loan forgiveness.
This story will be updated.