Debt Relief for Students at ‘Abusive' For-Profit Schools

From the outside, the Everest Institute building in North Miami looks like nothing is amiss. But inside, classrooms sit empty, along with a bulletin board that once identified “new future graduates.” Inspirational posters, a sign and an abandoned lab coat are all that tie what remains to Everest Institute, a subsidiary of the once-bustling, now-bankrupt Corinthian Colleges for-profit school empire. But students saddled with loan debt from this and other Corinthian campuses have been given a lifeline by the U.S. Department of Education: discharge of their student debt.