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LAS VEGAS (AP) -- Attorneys general say a student loan company has agreed to forgive almost $113 million in debts for students of a Nevada-based helicopter flight school that went bankrupt in 2008.
Nevada Attorney General Catherine Cortez Masto declared the agreement Tuesday between 12 states and Student Loan Xpress for "some relief" for Silver State Helicopters students who she said were hurt financially when the flight school failed.
California Attorney General Jerry Brown also announced the settlement. Other states include Florida, Georgia, Idaho, Illinois, Missouri, Montana, Oklahoma, Oregon, Utah and Washington.
Masto says that when Silver State Helicopters filed for Chapter 7 liquidation in February 2008, most of its 2,700 students at 34 flight schools around the country were left owing debts for training and certification they never received.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
