The interests of former students of defunct Corinthian Colleges Inc. who could potentially have billions of dollars in claims against the for-profit educator are getting an official voice in company’s bankruptcy case, the Wall Street Journal reported today. Formation will begin today for an official committee to represent students, according to the Office of the U.S. Trustee. The representation will give students a seat at the table as Corinthian’s assets are divided and could provide a forum for negotiating with the U.S. Department of Education, according to Scott F. Gautier, the lawyer who requested the committee, said that he hopes that students, alongside other creditors in the case, can negotiate a recovery for students from what remains of Corinthian’s assets and reach a settlement on other student issues, including possibly a deal to reduce student debt.
