ROANOKE, Va. (AP) — Three Lynchburg women are charged with submitting fraudulent student aid applications for Liberty University online classes. The indictment was unsealed Tuesday in U.S. District Court in Roanoke. It charges 42-year-old Melinda Smith, 61-year-old Catherine Pankey and 40-year-old Vernetta Johnson with multiple counts of student loan fraud and other charges. … Continue reading
Tag Archives: federal student loans
Education officials fine for-profit college for false claims
WASHINGTON (AP) — The Education Department says it will fine Heald College $30 million, alleging the Corinthian Colleges subsidiary engaged in egregious misconduct and misled students. Corinthian, a massive for-profit educational institution, collapsed last summer amid a cash shortage and fraud allegations. The department alleged that Heald, based in San Francisco, had shown a … Continue reading
Q&A: Should the Education Department discharge loans?
WASHINGTON (AP) — Students from the troubled Corinthian Colleges are getting support from state attorneys general and U.S. senators in their quest to have their federal student loans forgiven. The question is what comes next. Discharging the debt of all former Corinthian students could cost the federal government billions. And any action to help … Continue reading