Le Cordon Bleu Student Loan Forgiveness

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Are you burdened with debt from Le Cordon Bleu?

In the United States, 16 schools operated under the “Le Cordon Bleu North America” name through a licensing agreement with Career Education Corporation (CEC), a for-profit education company based in Chicago, Illinois. In 2009, the license was estimated to be worth $135 million. However, in light of the gainful employment rules implemented by the US Department of Education in 2015, CEC, which owned and operated the US schools, made the decision to sell the 16 campuses. When they failed to find a buyer they announced on 16 December 2015 that they will close all 16 Cordon Bleu campuses in the United States teaching out the program through September 2017. Their last new students were accepted in January 2016. In 2014, Le Cordon Bleu North America generated $172.6 million in revenue and $66.6 million of operating losses. In June 2016, The Securities and Exchange Commission requested documents and information regarding Career Education’s fourth quarter 2014 classification of its Le Cordon Bleu campuses. Independent of the Le Cordon Bleu North America Schools, Le Cordon Bleu has maintained a presence in the United States through their US office, Le Cordon Bleu Inc.

The for-profit industry is spiraling downward, which is great news for former students. Programs have now opened allowing students to find relief from their student loans obtained at these dishonest for-profit institutions. If you attended Le Cordon Bleu, call (877) 515-0185 to see if you qualify for student loan forgiveness. We can also assist you with your private student loans.

Le Cordon Bleu and a History of Problems

2009 US Campuses Open

16 Schools in the United States

In the United States, 16 schools operated under the “Le Cordon Bleu North America” name through a licensing agreement with Career Education Corporation (CEC), a for-profit education company based in Chicago, Illinois. In 2009, the license was estimated to be worth $135 million.

2014

Operations

In 2014, Le Cordon Bleu North America generated $172.6 million in revenue and $66.6 million of operating losses.

2016 Investigation

SEC Scrutiny

In June 2016, The Securities and Exchange Commission requested documents and information regarding Career Education’s fourth quarter 2014 classification of its Le Cordon Bleu campuses.

2015 Closures

New Regulations Derail Le Cordon Bleu

In light of the gainful employment rules implemented by the US Department of Education in 2015, CEC, which owned and operated the US schools, made the decision to sell the 16 campuses. When they failed to find a buyer they announced on 16 December 2015 that they will close all 16 Cordon Bleu campuses in the United States teaching out the program through September 2017. 

2016

Last Students Accepted

Their last new students were accepted in January 2016.

How Does It Work?

 Apply For Loan Forgiveness

Call (877) 881-9373 or fill out the form below.

 Learn Your Options

One of our representatives will look at your loans and determine the best programs for you based on your specific case.

 Enroll In The Program

Start enjoying lower monthly payments and full or partial loan forgiveness!

See If You Qualify

Fill out the form below or give us a call at

(877) 881-9373

Verify Eligibility

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