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Corinthian students face difficult choices after shutdown

Students wait outside Everest College, Tuesday, April, 28, 2015 in Industry, Calif., hoping to get their transcriptions and information on loan forgiveness and transferring credits to other schools. Corinthian Colleges shut down all of its remaining 28 ground campuses on Monday, April 27, displacing 16,000 students. The shutdown comes less than two weeks after the U.S. Department of Education announcing it was fining the for-profit institution $30 million for misrepresentation. (AP Photo/Christine Armario) Students wait outside Everest College, Tuesday, April, 28, 2015 in Industry, Calif., hoping to get their transcriptions and information on loan forgiveness and transferring credits to other schools. Corinthian Colleges shut down all of its remaining 28 ground campuses on Monday, April 27, displacing 16,000 students. The shutdown comes less than two weeks after the U.S. Department of Education announcing it was fining the for-profit institution $30 million for misrepresentation. (AP Photo/Christine Armario)

By Associated Press April 28, 2015 1 min read

INDUSTRY, Calif. (AP) – Students lining up at now-closed Corinthian Colleges are being told that if their credits are transferred to another school, they won’t qualify to have their loans discharged.

That puts many in a difficult situation: If they find a college willing to accept their credits, they may still have to redo many of the classes and continue to be saddled with debt.

Students who gathered Tuesday at Corinthian subsidiary Everest College in Industry, California, were greeted by other for-profit schools that offered to look at their coursework.

But several students say they’ve lost faith in for-profit trade schools that have come under scrutiny for misleading advertising on job placement after graduation.

Corinthian Colleges announced Sunday it was shutting down its remaining 28 ground campuses, displacing about 16,000 students.