---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-000219"
form_type: "8-K"
ticker: "CVSA"
cik: "0000730464"
company_name: "Covista Inc."
filed_at: "2022-02-18T23:59:59+00:00"
generated_at: "2026-06-27T06:46:06.287335+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# DOE discharges loans for 1,800 former DeVry students; Adtalem faces potential indemnification claims

## Summary
- DOE announced on Feb 16, 2022 it will discharge federal student loans for ~1,800 former DeVry University students under borrower defense to repayment (BDR) program.
- Adtalem sold DeVry University to Cogswell in 2017 and agreed to indemnify DeVry for certain losses up to $340M, including BDR claims.
- Adtalem states it has not been contacted by DOE and lacks specifics on how the loans were adjudicated or if borrowers already received relief.
- Previously disclosed BDR-related matters have consumed a portion of the $340M indemnification cap, but Adtalem cannot yet quantify this new impact.

## SEC filing metadata
- accession: 0001157523-22-000219
- form_type: 8-K
- ticker: CVSA
- cik: 0000730464
- company_name: Covista Inc.
- filed_at: 2022-02-18T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/730464/000115752322000219/0001157523-22-000219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/730464/000115752322000219/a52581718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-000219
- JSON: https://secwatch.observer/filing/0001157523-22-000219.json
- Plain text: https://secwatch.observer/filing/0001157523-22-000219.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.