[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Cloudy
Cloudy
68°F
 
Calendar
Today in
S.C.V. History
March 26
1821 - SCV (with the rest of Alta Calif.) becomes territory of Mexico during war for Mexican independence from Spain [story]
map


California Attorney General Xavier Becerra has announced a settlement with Balboa Student Loan Trust that will provide $67 million in critical debt forgiveness and other much-needed relief for the 34,971 Californians who took out private student loans to attend Corinthian Colleges.

“In the coming weeks, thousands of defrauded Corinthian students will receive a letter in the mail informing them that their loans have been fully forgiven. We hope this delivers some measure of closure and peace of mind,” said Attorney General Becerra. “While this settlement is an important step forward, there’s still a long way to go. It’s now time for U.S. Secretary of Education Betsy DeVos to follow through on her end with the federal relief owed to defrauded Corinthian students on their federal student loans. At the California Department of Justice, we will continue to hold accountable those who would prey on America’s college students, their parents and their American Dreams.”

As a result of this settlement, former Corinthian students from throughout California will soon receive relief from their student loans. By designated market area (DMA):

In the Eureka DMA, 11 former students will receive relief.
In the Chico-Redding DMA, 100 former students will receive relief.
In the San Francisco DMA, 7,368 former students will receive relief.
In the Monterey-Salinas DMA, 465 former students will receive relief.
In the Santa Barbara DMA, 168 former students will receive relief.
In the Medford, OR DMA, 17 former students will receive relief.
In the Reno, NV DMA, 16 former students will receive relief.
In the Sacramento DMA, 3,995 former students will receive relief.
In the Fresno DMA, 1,091 former students will receive relief.
In the Los Angeles DMA, 23,473 former students will receive relief.
In the San Diego DMA, 192 former students will receive relief.
In the Yuma, AZ-El Centro DMA, 36 former students will receive relief.
In the Palm Springs DMA, 106 former students will receive relief.

Due to the settlement, Balboa will:

– Immediately halt all debt collections and forgive 100 percent of the remaining balances on each of the 34,971 private student loans that it currently holds, totaling $67 million in debt relief;
– Refund all payments made by Californians since August 1, 2017, totaling more than $500,000;
– Refund additional payments made prior to August 1, 2017, by Californians who received problematic debt-collection notices, totaling approximately $84,000;
– Be prohibited from engaging in future debt-collection misconduct; and
– Delete all negative credit reporting associated with these loans for students in California and around the country.
– The California Attorney General’s Office opened a formal investigation into Balboa in 2017, after learning that the company may have engaged in debt-collection misconduct with respect to some of its Corinthian loans.

That investigation led to the settlement.

Corinthian is a now-defunct, predatory for-profit school that intentionally targeted low-income, vulnerable individuals through deceptive and false advertising that misrepresented job placement rates and school programs, among other egregious misconduct. In 2013, the California Attorney General’s Office led the charge against Corinthian, seeking to put an end to abusive practices that left students with large amounts of debt and without the jobs Corinthian had falsely promised its degrees would provide. The California Attorney General’s Office ultimately obtained a $1.1 billion judgment against Corinthian.

Attorney General Becerra has relentlessly pursued relief and assistance for Corinthian students in California. Since taking office, he has announced an outreach program encouraging thousands of affected California residents to apply for federal loan cancellation and has filed a lawsuit against the U.S. Department of Education and Secretary DeVos for illegally withholding promised student loan debt relief for tens of thousands of former Corinthian students. Additionally, Attorney General Becerra announced a settlement against Aequitas Capital Management that provided more than $51 million in debt relief for Californians who attended Corinthian. In 2017, Attorney General Becerra sued Ashford University, another for-profit school, and its parent company Bridgepoint Education for unlawful activity against its students; that lawsuit is pending in Alameda County Superior Court.

A copy of the Balboa complaint and stipulated judgement is attached to the electronic version of this release at oag.ca.gov/news.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


LOS ANGELES COUNTY HEADLINES
Monday, Mar 25, 2019
Los Angeles Sheriff's Department Captain Timothy K. Murakami has been promoted to Undersheriff, according to a news release from the LASD's Information Bureau.
Monday, Mar 25, 2019
Los Angeles County Sheriff's Department Court Services Division Chief Robin Limon has been promoted to Assistant Sheriff for LASD, according to the Sheriff's Information Bureau.
Friday, Mar 22, 2019
The Civilian Oversight Commission for the Los Angeles County Sheriff’s Department will host its monthly commission meeting in downtown Los Angeles on Tuesday, March 26, from 9 a.m. to 1 p.m.
Friday, Mar 22, 2019
The next meeting of the Los Angeles County Board of Supervisors is set for Tuesday, March 26, starting at 1 p.m.
Friday, Mar 22, 2019
The Los Angeles County Probation Department, along with several of its county collaborative agencies, has officially rolled out a new protocol designed to provide specialized services to detained youth who are identified as victims of sex-trafficking.

Keep Up With Our Facebook
Latest Additions to SCVNews.com
The SCV Charity Chili Cook-off took place Thursday, March 21, at The Oaks Club at Valencia (formerly the TPC). The annual event benefits a local nonprofit organization every year.
SCV Charity Chili Cook-off Winners Announced
The Santa Clarita Valley (SCV) VegFest, is proud to announce the national nonprofit organization The Gentle Barn, as their new presenting sponsor. In addition, organizers of Santa Clarita’s first-ever vegan festival, have also announced that 20% of the proceeds from the one-day outdoor festival will benefit Kakao, Charity Water and local nonprofit organizations Bridge to Home and Family Promise.
SCV Vegan Fest to Benefit Local Nonprofits; Announces Presenting Sponsor
VICTOR VALLEY — College of the Canyons golfers Matthew Mansholt and Nobuhiko Wakaari took the top two individual spots and the Cougars rolled to a fifth straight tourney victory to remain leaders in the Western State Conference (WSC).
Cougars Golf Roll to 5th Straight Tourney Win
This week's golf meet featured a career-best finish, a preview of what should be a hyper-competitive conference tournament and a new team motto.
Mustangs Senior Penalber Leads TMU Golf in Indio
BOSTON (CN) – The first batch of defendants in the admissions bribery scandal was arraigned today in Boston, with a dozen college sports coaches and school administrators pleading not guilty to federal racketeering charges.
UCLA, USC Coaches in Admissions Scandal Arraigned; Plead Not Guilty
NORTHRIDGE — Jillian James tossed a one-hitter against Saint Mary's before CSUN dropped a 14-2 decision to No. 1 UCLA Sunday afternoon at Matador Diamond.
CSUN Shuts Out Saint Mary’s; Falls to Top-Ranked UCLA
SAN LUIS OBISPO - The CSUN women's tennis team (10-4) had their winning streak snapped Sunday as the Matadors fell to the Mustangs, 4-3 in a close Big West conference bout.
Matadors Winning Streak Snapped by Cal Poly Mustangs
The city of Santa Clarita's Parks, Recreation and Community Services Commission will be holding a special meeting Thursday, March 28, at 8:30 a.m.
March 28: Parks, Recreation & Community Services Special Meeting
Palmdale Water District (PWD), in collaboration with Angeles National Forest and Friends of Littlerock Dam, will hold a joint Littlerock Dam Community Information & Tour Day at 10:00 a.m. Saturday, April 6.
April 6: Littlerock Dam Community Information & Tour Day
A Royal Princess arrived at the Port of Los Angeles on Saturday – that is, the 3,560-guest Princess Cruises ship – now here to take travelers to sought-after destinations including the Mexican Riviera, the California Coast and Alaska.
‘Royal’ Fanfare for LA’s Newest Homeport Cruise Ship
California State University, Northridge’s youth summer camps will return this June for social enrichment activities that can guide children in critical thinking, athletics, problem solving and innovation, leaving them with a memorable summer experience.
Registration Now Open for CSUN’s Youth Summer Camps
LOS ANGELES – The Dodgers, winners of six consecutive division titles and back-to-back National League pennants, will kick off the 2019 season Thursday with Opening Day presented by Bank of America at 1:10 p.m. against the Arizona Diamondbacks.
Dodgers to Honor Don Newcombe on Opening Day
Here is the list of what is currently filming in the Santa Clarita Valley for the week of March 25-31, 2019:
‘Bless this Mess,’ ‘NCIS LA,’ ‘Buried in the Backyard’ Now Filming in SCV
Flair Cleaners Valencia will host the Flair Cares Prom Dress Collection April 1 - April 30 to benefit Becca’s Closet, a nonprofit providing formal attire for local high school youth who cannot afford new dresses.
April 1-30: Flair Cares Prom Dress Collection
Years before the Westfield Valencia Town Center would be developed across the street, a 900-square-foot boutique made its debut and began a journey that would see more than three decades of change.
Cobblestone Cottage Closing After More than 3 Decades in Business
SACRAMENTO - Senator Scott Wilk (R-Santa Clarita) announced on Monday the Senate Committee on Human Serves unanimously approved Senate Bill 333 (SB 333), a measure to address California's homeless crisis by requiring the Homeless Coordinating and Financing Council (HCFC) develop and implement a long-term, strategic plan to combat homelessness across the state, complete with specific goals and benchmarks.
Policy Committee Approves Wilk Bill Aimed at Solving Homeless Crisis
Circle of Hope, Inc. announced Monday its Executive Director, Pam Ripling, is retiring and the organization is currently seeking her replacement.
Circle of Hope Executive Director to Retire
1821 - SCV (with the rest of Alta Calif.) becomes territory of Mexico during war for Mexican independence from Spain [story]
map
The internationally acclaimed exhibition "Soul of a Nation: Art in the Age of Black Power 1963-1983" made its West Coast debut at The Broad in downtown Los Angeles on Saturday.
Chouinard Alums Featured in ‘Soul of a Nation: Art in the Age of Black Power 1963-1983’
Earlier this month, Library Journal named CalArts Reference & Instruction Librarian Marisa Méndez-Brady a 2019 "Mover & Shaker, "the trade publication’s annual award for “people shaping the future of libraries.”
CalArts Librarian Named 2019 ‘Mover & Shaker’ by Library Journal
The Mustangs beat San Diego Christian 4-1 and 3-2 in Lakeside on Saturday to complete a four-game sweep of the Hawks and move into a share of first place in GSAC standings.
Brooks Earns 700th Win in Mustang Sweep of San Diego
In light of how far the group has already come, TMU track and field coach Zach Schroeder is confident his 4x800-meter relay can go a little faster.
TMU Track & Field Shines at Westmont Collegiate Classic
The Santa Clarita Parks, Recreation and Community Services Commission will hold a special meeting on Thursday, March 28, starting at 8:30 a.m.
March 28: Parks, Recreation, Community Services Special Meeting
The Santa Clarita Community College District's Board of Trustees will hold a joint business meeting with representatives of the Associated Student Government at College of the Canyons' Valencia Campus on Wednesday, March 27.
March 27: COC Board of Trustees, ASG Joint Business Meeting
The Santa Clarita City Council will hold its next regular and special meetings on Tuesday, March 26.
March 26: City Council Legislative, Special, Regular Meetings
On Friday in Lakeside, right-handed hitting senior Anthony Lepre's entire repertoire was on display in a doubleheader against San Diego Christian.
Lepre’s Big Day Powers Mustangs to Wins Over Hawks
A motorcyclist hurt and taken to the hospital Monday morning narrowly missed being run over by a big rig, one of the rescuing paramedics said.
Motorcyclist Hurt in Crash, Narrowly Misses Big-Rig Collision
California 38th District Assemblywoman Christy Smith (D-Santa Clarita) authored and submitted 14 bills prior to the Feb. 22 legislative submission deadline, tackling issues like education, human trafficking, and public safety.
Smith Introduces 14 Bills for Current Sacramento Session
This year’s annual Castaic Dam Run at Castaic Lake on Saturday, April 13 will offer more fun for families as the event will also include the community’s first-ever Gnome Festival, featuring a Kids’ Gnome Parade.
April 13: Annual Castaic Dam Run, First Gnome Festival, Kids’ Parade
Los Angeles Sheriff's Department Captain Timothy K. Murakami has been promoted to Undersheriff, according to a news release from the LASD's Information Bureau.
Murakami Promoted to LASD Undersheriff
After weeks of informational picketing and mediation, College of the Canyons and its full-time faculty members have reached a tentative agreement that would end an ongoing dispute between the two sides.
COC, Full-Time Faculty Reach Tentative Agreement
SCV Water’s FY 2018/19 Budget has been recognized, locally by the California Society of Municipal Finance Officers, and nationally by the Government Finance Officers Association, for meeting the highest principles of governmental budgeting.
SCV Water Wins 2 Prestigious Awards for Inaugural Budget
Predicting that the public will not see the full report on Russian meddling in the 2016 U.S. elections, Senator Lindsey Graham noted Monday that material covered by executive privilege will likely be kept under wraps.
Graham Expects Some of Mueller Report to Stay Secret
A pedestrian is in stable condition after a man accused of drunken driving drove over a man’s leg on the 23000 block of Drayton Street in Santa Clarita on Sunday.
Deputies Hold Suspect After Man’s Leg is Run Over Outside Homeless Shelter
Los Angeles County Sheriff's Department Court Services Division Chief Robin Limon has been promoted to Assistant Sheriff for LASD, according to the Sheriff's Information Bureau.
LASD Promotes Robin Limon to Assistant Sheriff
1889 - Castaic School District established [story]
Castaic siding