Jan 3, 2023 - News
La' James agrees to return another $462K in Iowa student loans
La' James International College will forgive almost $462,000 in student loans to settle allegations of financial wrongdoings that continued years after school officials promised to fix them.
- The agreement was one of the final actions announced Friday by outgoing Iowa Attorney General Tom Miller.
Catch up fast: La' James is a for-profit school with five Iowa locations, including in Johnston. It has been accused of unfair and deceptive business practices for roughly a decade.
- The allegations include long delays in student financial aid disbursements that forced students into further financial hardships.
- In 2016, La' James agreed to pay a $550,000 fine, forgive $2.1 million in student debt and submit to state oversight as part of a consumer fraud lawsuit filed by Miller.
- A state report last year concluded that problems continued to persist.
State of play: The latest settlement involved debts for around 116 students.
- The school also agreed to include an explanation about the timing of financial disbursements with future student aid award notices.
What they're saying: La' James officials did not respond to a request for comment from Axios.
- The college must do better, Miller said in Friday's statement.
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