Virginia Students of For-Profit Schools Won't Pay Loans - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Virginia Students of For-Profit Schools Won't Pay Loans

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RICHMOND, Va. (AP)- About 2,000 former students in Virginia won't have to pay $2.3 million in outstanding loans for online courses of a Pittsburgh firm that runs for-profit trade schools and colleges.
    
Attorney General Mark Herring announced Virginia's portion of the agreement Monday with Education Management Corporation.
    
The U.S. Justice Department announced a $95.5 million settlement to resolve allegations that the corporation used enrollment incentives to pay its recruiters and exaggerated its career-placement ability.
    
The federal government says the firm relied on deceptive recruiting tactics to sign up students it knew were unlikely to succeed or finish its programs.

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