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Violation Tracker Summary for Mega-Scandal
Mega-Scandal: Student Loan and For-Profit College Abuses
Description: This list shows cases in which for-profit colleges and student loan services paid penalties of $25 million or more in cases involving unfair practices.
Penalty Total since 2000: $6,406,964,267
Number of Penalty Records: 26
Note: The totals here are adjusted to account for the fact that each current parent's entries may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. They are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the individual records list below.
| Top 10 Current Parent Companies | Total Penalty $ | Number of Records |
| Navient | $2,081,700,000 | 3 |
| Perdoceo Education Corporation | $498,700,000 | 1 |
| Apollo Education Group | $258,500,000 | 2 |
| SLM Corp. | $229,300,000 | 3 |
| Cogswell Education | $144,950,000 | 2 |
| First Citizens BancShares | $112,825,000 | 1 |
| Nelnet | $47,000,000 | 1 |
| Grand Canyon Education Inc. | $37,700,000 | 1 |
Individual Penalty Records:
Click on the company or penalty amount for more information on each case. Click on the current parent name to reach the summary page for that parent company.
| Company | Current Parent | Current Parent Industry | Primary Offense Type | Year | Agency | Penalty Amount  |
| Navient | Navient | financial services | consumer protection violation | 2022 | MULTI-AG | $1,850,000,000 |
| Corinthian Colleges, Inc. | | | consumer protection violation | 2016 | CA-AG | $1,170,025,000 |
| Corinthian Colleges, Inc. | | | consumer protection violation | 2015 | CFPB | $531,224,267 |
| Career Education Corp. | Perdoceo Education Corporation | miscellaneous services | consumer protection violation | 2019 | MULTI-AG | $498,700,000 |
| PEAKS Trust | | | consumer protection violation | 2020 | CFPB | $330,000,000 |
| ITT Technical Institute and PEAKS | | | consumer protection violation | 2020 | MULTI-AG | $330,000,000 |
| Navient Solutions LLC | Navient | financial services | consumer protection violation | 2023 | private lawsuit-federal | $198,400,000 |
| Aequitas Capital Management Inc. | | | consumer protection violation | 2017 | MULTI-AG | $192,000,000 |
| Apollo Education Group | Apollo Education Group | miscellaneous services | consumer protection violation | 2019 | FTC | $191,000,000 |
| Student CU Connect CUSO, LLC | | | consumer protection violation | 2019 | CFPB | $168,000,000 |
| Student CU Connect CUSO, LLC | | | consumer protection violation | 2019 | MULTI-AG | (*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $168,000,000 |
| Student Loan Xpress, Inc. | First Citizens BancShares | financial services | consumer protection violation | 2009 | MULTI-AG | $112,825,000 |
| DeVry University | Cogswell Education | miscellaneous services | consumer protection violation | 2016 | FTC | $100,000,000 |
| Consumer Advocacy Center Inc., dba Premier Student Loan Center | | | consumer protection violation | 2022 | MULTI-AG | $95,000,000 |
| Sallie Mae Bank | SLM Corp. | financial services | banking violation | 2014 | FDIC | $93,300,000 |
| Sallie Mae Inc. | SLM Corp. | financial services | consumer protection violation | 2013 | private lawsuit-federal | $76,000,000 |
| University of Phoenix | Apollo Education Group | miscellaneous services | False Claims Act and related | 2009 | DOJ_CIVIL | $67,500,000 |
| Balboa Student Loan Trust | | | consumer protection violation | 2018 | CA-AG | $67,000,000 |
| Sallie Mae Inc. | SLM Corp. | financial services | consumer protection violation | 2014 | DOJ_RIGHTS | $60,000,000 |
| Hutton Ventures LLC | | | consumer protection violation | 2021 | NY-AG | $53,040,000 |
| Nelnet Inc. | Nelnet | financial services | False Claims Act and related | 2010 | DOJ_CIVIL | $47,000,000 |
| DeVry University | Cogswell Education | miscellaneous services | consumer protection violation | 2022 | private lawsuit-state | $44,950,000 |
| Grand Canyon University | Grand Canyon Education Inc. | miscellaneous services | consumer protection violation | 2023 | ED | $37,700,000 |
| Navient Solutions, Inc. | Navient | financial services | banking violation | 2014 | FDIC | $33,300,000 |
| Corinthian Colleges Inc. | | | consumer protection violation | 2015 | ED | $30,000,000 |
| Prehired LLC | | | consumer protection violation | 2023 | CFPB | $30,000,000 |
