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Colorado Attorney General

Phil Weiser

Colorado Attorney General

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Denver District Court judge orders CollegeAmerica to pay $3 million in civil penalties to state and forgive loans for deceiving students

Aug. 21, 2020 (DENVER, Colo.)—Attorney General Phil Weiser released the following statement regarding today’s court judgment in State of Colorado v. CollegeAmerica:

“I am pleased that a Denver District Court judge today found that CollegeAmerica’s marketing and admissions operations violated state consumer protection and consumer lending laws. CollegeAmerica, a for-profit entity, knowingly took advantage of students in Colorado by luring them into high-priced, low-quality programs with promises of high-earning potential and job placement that it knew were not attainable. In so doing the school unconscionably enrolled students in its private student loan program, leaving them saddled with crushing debt and no chance of career advancement.

“CollegeAmerica systemically cheated vulnerable students in our state. It is now being held accountable. Protecting students from predatory behavior—particularly from schools looking to make a profit at their expense—and helping Colorado students navigate through student loan burdens will continue to be a priority of the Attorney General’s Office.”

The Colorado Student Loan Servicers Act created a student loan ombudsperson in the Colorado Department of Law as a resource for student loan borrowers throughout the state. The ombudsperson is responsible for receiving, reviewing, and attempting to resolve complaints from student loan borrowers. Contact the Colorado Attorney General’s Student Loan Ombudsperson by email at studentloans@coag.gov, by filing a complaint at www.coag.gov/studentloans, or by calling (720) 508-MySL (6975).

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Media Contact:
Lawrence Pacheco
Director of Communications
(720) 508-6553 office | (720) 245-4689 cell
Lawrence.pacheco@coag.gov

Most Recent

Attorney General’s Office to expand grant to revitalize rural housing, support trades programs in southern Colorado

Feb. 3, 2023 (DENVER) – Attorney General Phil Weiser today announced that his office is expanding its rural housing revitalization grant to support a new trades program at Pueblo Corporate College, a division of Pueblo Community College, and expanded programs […]

Attorney General Phil Weiser appoints new solicitor general, deputy attorney general for consumer protection

Jan. 31, 2023 (DENVER)— Attorney General Phil Weiser today announced the appointments of Shannon Wells Stevenson as solicitor general, and Nathan Blake as deputy attorney general of the Consumer Protection Section in the Colorado Department of Law. Stevenson is a […]

Statement from Attorney General Phil Weiser on the beating death of Tyre Nichols in Memphis, Tenn.

Jan. 28, 2023 (DENVER)–Attorney General Phil Weiser issued a statement following the release of body-camera footage in the beating death of Tyre Nichols: “The brutal beating and killing of Tyre Nichols is horrifying. I am outraged, as we all should […]

Office of the Attorney General
Colorado Department of Law
Ralph L. Carr Judicial Building
1300 Broadway, 10th Floor
Denver, CO 80203

(720) 508-6000

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