News

Press Release: ACICS reaches out to Everest/Corinthian’s students

FOR IMMEDIATE RELEASE
Contact Tony Bieda, 202.336.6781

May 1, 2015: Washington, D.C. –The accrediting authority for three Everest Colleges in California (Ontario, Santa Ana, and San Bernardino) and one in Rochester, New York is reaching out to other accredited institutions, state approval authorities, and the U.S. Department of Education to develop satisfactory transfer and teach-out options for students enrolled at closing campuses. The Accrediting Council for Independent Colleges and Schools (ACICS) has provided quality assurance for Everest/Corinthian institutions since 1966.

“The untimely and unfortunate demise of the Everest Colleges primarily creates hardship and stress for students. To the degree we can encourage other institutions and authorities to exhaust all remedies for these students, ACICS will do so,” said Albert C. Gray, president and chief executive officer of ACICS.

Gray emphasized that students should expect Corinthian/Everest to follow its published and approved refund policy; provide students access to a grievance process; and respond to formal complaints, while assuring the school’s credit transfer policy is applied diligently and faithfully. A complete inventory of students' rights is available at www.acics.org.

Gray advised students of the following additional resources:
http://www.cci.edu/update.php

Student refunds: For students who are unable to complete their education at the Everest campus in which they enrolled because of campus closure, the institution is required to provide a refund for the tuition and fees paid to date. Contact Everest through the information provided above about the application process for refunds and the interval for receiving full payment. In addition, depending on the state, a tuition recovery fund or surety bond may be available to compensate students for the inability to complete their education. The website for Corinthian (above) includes resources for students at the state levels and for the U.S. Department of Education.

Student loans: Students who participate in Federal Student Aid programs (Title IV subsidized education loans) may be eligible to apply for discharge of their debt. The U.S. Department of Education has information about the requirements and process. The fact that the school closed does not automatically relieve a student of his/her obligation to repay federal loans. Students are urged to contact their loan servicer to request loan forgiveness through the U.S. Department of Education. Information on how to request a discharge should have been sent to you by your servicer and is also available at: https://studentaid.ed.gov/repay-loans/forgiveness-cancellation/closed-school.

Student transcripts/financial aid records: The closing campus is required to provide for the safe keeping of all student academic records (transcripts) and student financial aid records, and to convey those in a secure manner to students or the institutions they designate upon request. For more information about how to gain access to transcripts and financial aid records, contact Everest through the information provided above.

“ACICS expects the institutions to communicate directly with students on all of these matters and others as frequently and as intensely as necessary,” Gray said. “In evaluating the status of accreditation and the principals’ eligibility to own or manage accredited career colleges in the future, all of these performance dimensions will be monitored and taken into consideration.”

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