Keiser University, Lincoln Tech Oppose Debt Relief for Broke, Scammed Students.
Three career college chains with troubling records have become the first institutions to object to a landmark court settlement that would provide some $6 billion in debt relief for about 264,000 former students who claim they were deceived by their schools.
The settlement, announced two weeks ago, would cancel loans for students who attended 153 institutions, many of which have faced law enforcement or accreditor action for bad behavior. The schools on the list are many of the industry’s worst offenders, including demised operations like Corinthian Colleges, Globe University, ITT Tech, Independence University, Kaplan College, and campuses of the Art Institutes.
The brief filed by Lincoln and American National similarly claims their schools face “both the potential and the reality of negative consequences following the resolution of borrower-defense claims under the current iteration of the proposed settlement.” Lincoln offers career programs including automotive, culinary, and cosmetology, while American National has a range of health and business programs.
Keiser, Lincoln, and American National may not want to be on a government-approved list of schools implicated in bad behavior, but all three have been implicated in bad behavior.