Ag Announces $6.7m In Debt Relief For Students At For-profit Colleges

WILKES-BARRE — Attorney General Josh Shapiro this week announced a proposed settlement with Aequitas Capital Management, a defunct investment firm, that provides $6.7 million in debt relief for 1,200 Pennsylvanians who attended for-profit colleges. The proposed settlement, which is subject to approval by an Oregon federal court overseeing Aequitas’ receivership, is part of a broader settlement worth $192 million in debt relief for former Corinthian College students across the country.