LOS ANGELES : Bankrupt Trade School Offers Refunds to Students
A legal services agency is offering a workshop this weekend to teach former students of a trade school that filed for bankruptcy how to apply for refunds to repay student loans.
United Education and Software, which formerly had offices in Encino and operated Pacific Coast Technical Institute in Van Nuys and National Technical School in Los Angeles, among other schools, filed for Chapter 11 federal bankruptcy protection in December, 1989. But the firm set aside $6.5 million to refund loan debts of former students, said Roberta Stovitz, coordinator of consumer and employment affairs at San Fernando Valley Neighborhood Legal Services.
The company set aside another $600,000 to pay claims filed by students for its failure to provide instruction, supplies or equipment.
United Education, now based in Los Angles, agreed to set aside the claim money earlier this month as part of a settlement of a consumer-protection complaint brought by the state attorney general’s office.
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