Primary Education News

28 Jul '14

News The rise and fall of Corinthian Colleges and the wake of debt it left behind

Beset by financial implosion and investigations, the company's collapse reveals a glimpse into the volatile, opaque business of for-profit educationBy the time the Department of Education temporarily shut off the flow of student aid money to Corinthian Colleges Inc, one of the largest for-profit college companies in the country, 20 state attorneys general, several federal agencies and the department itself were investigating the sprawling chain. Still, the regulators didnt see the final implosion coming any more than the students did. Continue reading...

Read the full story in Guardian Education
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