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Articles Tagged with for-profit colleges

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I get rid of student loans by declaring bankruptcy?”

So-called for-profit colleges and universities have been all the rage in recent years, at least if one believes the glut of television advertisements that for-profit higher-education institutions have used to flood American airways.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I get rid of student loans by declaring bankruptcy?”

 

For-profit colleges and universities have aggressively sought to brand themselves as hip alternatives to traditional institutions of higher learning, with a range of television and other advertisements featuring young people breaking away from the pack and pursuing their own dreams.

College graduate Charlotte Debt Lawyer North Carolina Bankruptcy AttorneyAt least 264 of those dreams shattered last week when Anthem College shut down its Beaverton, Oregon campus. The Beaverton location was just one of many campuses shuttered after Anthem’s Florida-based parent company—Education Training Corp.—declared Chapter 11 bankruptcy.

The closure of Anthem campuses hurts more than students, said Chris Ebersole of SkanlanKemperBard Companies, Anthem’s landlord at The Round office and retail complex in Beaverton, where Anthem leased 30,000 square feet of space. The college did not pay its August rent, Ebersole said, and his company will likely be looking for a new tenant.

Anthem’s Beaverton branch offered one-year programs to train medical and dental assistants, medical records clerks and massage therapists. Tuition and fees for the programs cost students $15,000 or more. For-profit colleges have been criticized for aggressively recruiting students who are required to pay expensive tuitions for low-quality educational offerings.

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