Title Iv funding for Stockton and salinas cancelled.
100 million dollar debt payment due this month to b of a.
30 million dollar lawsuit by the d.o.e
No new students allowed.
A teach out may happen.
Cal grants participation terminated
Cal grant April payment will not be made to heald untill they provide the financial documents being asked for. Only the students portion will be paid. According to the meeting today.
Students should not transfer to another school because transferring any credits may disqualify you for a closed school debt discharge.
So with all this being said. The only thing of any value and probably getting negotiated right now for one last screw by heald. Are loans directly made by heald which will probably get paid pennies in the dollar but still allow the buyers to collect some serious cash on the backs of the students. Trust me they ain't negotiating heald they are negotiating those loans and real estate.