education

As Corinthian Claim Deadline Approaches, Few Students Expected to File

06/23/15
Students wait outside Everest College on April 28 in Industry, Calif., hoping to get their transcriptions and information on loan forgiveness and transferring credits to other schools.
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Harkin Opens Door To Bankruptcy Option for Student Loans

06/25/14

A top Senate Democrat is set to unveil legislation Wednesday that would allow a small portion of Americans’ student debt to be discharged through bankruptcy proceedings, a measure that would likely hit the profits of private lenders.

The bankruptcy option is part of a long-awaited bill on federal higher-education policy from Sen. Tom Harkin (D., Iowa), chairman of the Senate panel on education.

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College’s Bankruptcy Lawyers Target Endowment Money

11/26/12

Struggling to pay the mortgage on its dorms, Lon Morris College in Texas never tried to dip into its $11 million pool of endowment money that supported the 158-year-old United Methodist-affiliated school.

But in the hunt for money after the school’s collapse, its bankruptcy attorneys want the charitable funds to pay its final bills—an unlikely wish for those who donated to the endowments in their wills and family trusts.

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Texas College’s Collapse Puts Town’s Rodeo Venue in Play

11/07/12

The unexpected collapse of Lon Morris College has Jacksonville, Texas, reaching for the reins of the rodeo arena that it gave to the private, two-year college during the ambitious expansion that led to its downfall.

As an auctioneer prepares to sell off property left on the college’s 112-acre campus, Jacksonville leaders are trying to make sure that the rodeo grounds aren’t included. Instead, they want the property returned to the city, which deeded the property to the college in 2009.

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