Your legal rights are important. When we become aware of something that might affect your rights or those of someone you know, we want to share it with you. Virginia College caused great financial harm to its students when it closed its doors in December, 2018. Many students were unable to complete their education and some were left with debts already incurred for future Virginia College courses and/or Virginia College credits that will not transfer to another institution. If you, or someone you know, was unable to complete their education from Virginia College because of this closure, keep reading.
The Allegations Against Virginia College
Before it closed its doors in the fall of 2018, Virginia College was a private, for-profit college owned by the Education Corporation of America (“ECA”). It offered classes, certificates, diplomas, and degrees in a wide variety of studies and vocations. Virginia College also offered on-line degrees through on-line course studies to students. Many of these students paid Virginia College using federal student loan money, Pell Grant benefits, and G.I. Bill benefits that allowed Virginia College to operate as a for-profit business. However, due to mismanagement of the college's profits and funds, in March, 2015, the Department of Education placed Virginia College on a Heightened Cash Monitoring (“HCM”) financial restriction list. Virginia College remained on the HCM list for 45 months until it closed in the fall of 2018 as a result of financial mismanagement. Instead of advising students of this federal intervention and restriction, Virginia College downplayed the truth about its financial health to maintain student enrollment and tuition.
Injury to Students Seeking an Education From Virginia College
Virginia College closed its doors in December, 2018, leaving thousands of students, including those using G.I. Bill benefits to fund their education, with no option for a degree from Virginia College and many with loans already obtained for future Virginia College courses and/or Virginia College credits that would not transfer to another institution. Having used the G.I Bill and federal student loan money to fund my own education, I understand how difficult it would be to obtain a degree without these benefits. Virginia College should be held accountable. All of us at Taylor, Warren & Weidner, P.A. believe any institution that operates for-profit has a duty to its consumers and the public to be truthful about its financial status and an impending closure of the company if one is expected.
We Believe For-Profit Corporations That Are Untruthful Should be Held Accountable
We are currently investigating claims on behalf of Virginia College students who were unable to complete their education because of this closure. Many of these students are now struggling to find a way to continue their education and/or pay loans that were incurred to obtain a degree from Virginia College. If you, or someone you know, was unable to complete their education through Virginia College because of this closure, we would be happy to discuss your legal rights without any fee, cost, or obligation. Please contact us at (850) 438-4899 or at [email protected] to arrange a free consultation.