Le Cordon Bleu Loan Forgiveness

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Information about Le Cordon Bleu Loan Forgiveness

Published on December 18, 2017

Author: mystudentloans

Source: authorstream.com

slide 1: Le Cordon Bleu Loan Forgiveness The culinary school Le Cordon Bleu is well known to Americans due to its famous graduate Julia Child. Child and Le Cordon Bleu helped import classic French dishes into the American diet. However the school is now closing its 16 campuses based in the United States and some chefs say this isn†™t necessarily a bad thing. Many students spend a couple years and accumulate tens of thousands in student loans only to find themselves looking at low paying entry-level positions when they enter the work force. This unfortunately causes many graduates to either seek employment outside of their desired industry or default on their student loans while starting out cutting and blanching vegetables hoping to work their way up the restaurant chain. CEO Todd Nelson of Le Cordon Bleu blamed changing federal support for high-cost for-profit colleges such as this. Back in 2013 Le Cordon Bleu paid 40 million in order to settle a class-action lawsuit brought on by former students claiming recruiters oversold the benefits of a Le Cordon Bleu diploma leaving them with exorbitant amounts of student loans and low-paying industry jobs. https://www.goodbyeloans.com/le-cordon-bleu-loan-forgiveness/

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