Mon July 16, 2012
Attorneys for Decker College Say Ruling Could Help in Bid to Repay Creditors
Attorneys for a defunct for-profit college plan to pursue about $32 million in funds from the U.S. Department of Education. The move comes after a Bankruptcy Judge ruled that the government cut off money from the institution, based on misstatements.
U.S. Bankruptcy Judge Thomas H. Fulton last week ruled that the Council on Occupational Education misled the U.S. Department of Education about whether some online courses offered by Louisville-based Decker College had been approved. Those statements led the Federal Government in 2005 to cut off student loan funding for the school, which had been run by former Massachusetts Governor William Weld.
One of Decker's attorneys, Peter Coffman, says the ruling clears the way for the school to pursue the money and possibly repay students who got stuck with loans and to repay creditors.