Corinthian Colleges

Last updated

Corinthian Colleges, Inc.
Industry Education
FoundedFebruary 1995 (1995-02)
Founders
  • David Moore
  • Paul St. Pierre
  • Frank McCord
  • Dennis Devereux
  • Lloyd Holland
DefunctApril 27, 2015 (2015-04-27)
FateCeased operations
Areas served
United States, Canada
Website Archived April 27, 2015, at the Wayback Machine

Corinthian Colleges, Inc. (CCi) was a for-profit post-secondary education company in North America. Its subsidiaries offered career-oriented diploma and degree programs in health care, business, criminal justice, transportation technology and maintenance, construction trades, and information technology. [1] A remnant of the schools was owned by ECMC under the Altierus Career College brand until the last three campuses were closed in 2022. [2]

Contents

At its peak, CCi operated over one hundred Everest, Heald and WyoTech campuses throughout the United States and Canada. [3] The Los Angeles Times framed Corinthian Colleges as a collection of "castoff" schools that were taken over by Wall Street investors in 1999. [4]

Corinthian closed their campuses in Canada on February 19, 2015, after the Ontario government suspended their operating license. On April 26, 2015, following a series of legal challenges by state and federal agencies, Corinthian Colleges announced that they would cease operations at all remaining United States locations. The closure affected more than sixteen thousand students and employees. [5] Having been extensively investigated for fraudulent behavior by several jurisdictions, Corinthian Colleges, Inc. and twenty-four of its subsidiaries filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware on May 4, 2015. [6] In June 2022, the U.S. Department of Education announced that it would cancel $5.8 billion in federal student loan debt for 560,000 students who attended Corinthian. [7] [8]

History

Corinthian Colleges was founded in February 1995 [9] by David Moore, Paul St. Pierre, Frank McCord, Dennis Devereux, and Lloyd Holland of National Education Centers, Inc., a for-profit operator of vocational schools based in Irvine, California. The company, whose business model was predicated on acquiring schools that were fundamentally sound but performing below their potential, [10] expanded rapidly through acquisitions and organic growth. [9]

Acquired institutes and colleges [11]

Corinthian Colleges faced numerous investigations and lawsuits, including a federal criminal investigation. [14] California Attorney General Kamala Harris alleged that Corinthian Colleges targeted single parents living close to the poverty level, a demographic that its internal documents described as "composed of "isolated," 'impatient,' individuals with 'low self-esteem,' who have 'few people in their lives who care about them' and who are "stuck" and "unable to see and plan well for future," through aggressive and persistent internet and telemarketing campaigns and through television ads on daytime shows like Jerry Springer and Maury Povich." [15]

On July 3, 2014, Corinthian Colleges agreed to execute a shutdown of twelve schools and sell off eighty-five other schools. [16] [17] On February 19, 2015, the government of Ontario suspended the company's operation license, resulting in the immediate closure of all Canadian campuses. [18]

In February 2015, the nonprofit Educational Credit Management Corporation took ownership of more than half of Corinthian Colleges campuses, agreeing to forgive student debt on Corinthian College's Genesis loans. [19] [20]

On April 26, 2015, Corinthian Colleges announced that they would cease operations at all remaining locations effective April 27, a move affecting more than sixteen thousand students and employees. [21]

On May 4, 2015, Corinthian filed for bankruptcy in Delaware. [22] [23]

Schools

Everest

CCi operated Everest campuses in the United States and Canada, although all US campuses were to be sold or closed beginning on July 3, 2014, leaving only the Canadian campuses under CCi's control. [16] [17]

Everest Institute offered diploma programs. [24] Everest College offered diploma and associate degree programs. Everest University offered diploma, associate, bachelor's, and master's degree programs. [24] There were ten Everest University campuses across Florida, which were formerly known as Florida Metropolitan University. [25]

On February 19, 2015, all 14 Everest campuses in Ontario, Canada were shut down. 2300 students and over 500 staff were affected by the closures. [26] [27] CCi has since filed for bankruptcy in Canada due to the closures.

Everest University Online

Everest University Online (EUO), a division of Everest University, offered online degree programs. [28] EUO was headquartered in Tampa, Florida.

Everest College Phoenix

Everest College Phoenix offered bachelor's degree, associate degree, and diploma programs. [29] Everest College Phoenix had campuses in Phoenix and Mesa, Arizona, as well as an online learning center. [30]

Everest College Phoenix was regionally accredited by the Higher Learning Commission. [31]

Heald College

Heald College was one of the nation's oldest business career colleges in the Western United States, with roots extending back to 1863. [32] Heald offered associate degree, diploma, and certificate programs. [33]

Heald College was regionally accredited by the Western Association of Schools and Colleges Senior College and University Commission. [34] Heald College had campuses in California, Oregon, and Hawaii, as well as an online learning center. [35]

In November 2009, it was announced that CCi was purchasing Heald's parent company for $395 million. [36] In January 2010, CCi announced that it had completed the acquisition. [37] CCi retained the Heald name, and it was reported that it also retained its faculty and staff. [36]

WyoTech

WyoTech offered career-oriented training for mechanical and technical occupations. [32] WyoTech had campuses in Pennsylvania, Florida, California, and Wyoming. [38] As of November 2018, all the campuses except the Laramie, Wyoming campus were closed; the remaining Laramie campus came under new ownership, providing solely automotive-related training. [39]

Accreditation

Everest College Phoenix campuses were regionally institutionally accredited by Higher Learning Commission. [40] [41] Heald College campuses are regionally institutionally accredited by the Senior College and University Commission – Western Association of Schools and Colleges (WASC Senior). [34] Everest Institute, Everest College, Everest University, and Wyotech campuses are nationally institutionally accredited by one of two national accrediting agencies: Accrediting Commission of Career Schools and Colleges (ACCSC); or Accrediting Council for Independent Colleges and Schools (ACICS). [40] [41] [42]

Leadership

Corinthian CEO Jack Massimino earned $3 million in 2010, and four other executives made over $1 million that year. [43] Eeva Deshon, the president and CEO of Heald College initiated a petition on Change.org to collect positive testimonials about the college, despite the largely negative evaluations by students. [43]

Faculty and students

As of December 31, 2013, CCi's total student population was 77,584. [44] As with the entire education sector, CCi had faced a decrease in enrollment and a corresponding depressed stock price. CCi's top mutual fund holder was Wells Fargo Advantage Small Cap Value Fund. [45]

As of June 30, 2013, CCi had approximately 15,200 employees in North America, including 6,000 full-time and part-time faculty members. [9] For five consecutive years, CCi had been named a Top Workplace in Orange County, California where its headquarters are located. [46]

In 2014, a librarian at the southern California campus of Everest College quit her position when she learned a student she was assisting could only read at the third-grade level, may have a developmental disability, and was unlikely to find work in his chosen field. She stated that the student was unlikely to understand the financial burdens of the enrollment documents he signed. The librarian resigned out of principle after an unsuccessful attempt to resolve the issue with administration. [47] [48]

Financial aid

The Higher Education Act provides that a private, for-profit institution, such as CCi's institutions, may derive no more than 90% of its revenue from the Title IV federal student aid programs. [49] In 2010, CCi reported that it received 81.9% of revenue from Title IV federal student aid programs. [50] Corinthian Colleges (CCI) acquired QuickStart Intelligence in summer 2012, an Irvine, California-based, privately held technology training company. As a B2B revenue stream; CCI acquired QuickStart Intelligence to leverage the 10%, non-government funding essential to back the additional student loans for CCi's core adult learning programs.

Student loan default rate

A significant requirement imposed by Congress is a limitation on participation in Title IV programs by institutions whose former students default on the repayment of federal student loans in excess of specified rates ("Cohort Default Rates"). [51] On March 25, 2013, CCi received a draft three-year Cohort Default Rates from the U.S. Department of Education for students who entered repayment during the federal fiscal year ending September 30, 2010 (the "2010 Cohort"), measured over three federal fiscal years of borrower repayment. The weighted average of CCi's institutions was 19.0%, a 9.0 percentage point decrease from the 28.0% weighted average for the three-year cohort default rate for students who entered repayment during the prior fiscal year. [52] For the 2010 Cohort, none of CCi's institutions exceeded the default threshold set by the U.S. Department of Education. [52]

Loan forgiveness

On June 1, 2022, the U.S. Department of Education announced it would forgive $5.8 billion in federal student loans made to Corinthian College students between 1995 and 2015, which forgiveness would impact 560,000 borrowers and would be the single largest discharge of student loans in history according to the department. [53] [54] [55]

Corinthian Colleges was investigated in Canada and by federal authorities in the United States, and by several states attorneys general for deceptive advertising and other fraudulent acts.

California

In 2008, a class action suit was filed against CCI and a wholly owned subsidiary in Santa Clara Superior Court on behalf of graduates of Bryman College's medical assistant vocational programs. The lawsuit alleged that Bryman made untrue or misleading statements to students related to employment success, in order to induce them to enroll and stay enrolled in their medical training programs. [56] This case was ultimately dismissed. [57]

In July 2007, the California Attorney General threatened to file suit against Corinthian Colleges. Corinthian issued a statement saying: "We disagree with the Attorney General's conclusions, but we are pleased to have this matter behind us. The agreement is not evidence of wrongdoing, and the company specifically denied any wrongdoing as part of the settlement. We are fully committed to providing quality education and job placement services for students and to being in compliance with state law and regulation." [58]

In October 2013, the State of California again sued CCi alleging "false and predatory advertising, intentional misrepresentations to students, securities fraud and unlawful use of military seals in advertisements". [59] [60] According to the Sacramento Bee, fourteen Everest College campuses registered three-year default rates on student loans of more than 20 percent; eight were more than 30 percent. [61]

In November 2013, CCi issued a statement asserting that the California Attorney General's complaint was "a document built on a foundation of misquoted, deceptively excerpted and—at best—misunderstood materials." [62] It went on to say that the California Attorney General was "wrongly accusing our schools of inflating job placement statistics for our graduates". [62] CCi indicated that it planned to "vigorously defend the integrity of the work we do for our students and graduates". [62]

California Attorney General Kamala Harris filed a complaint alleging that CCI had engaged in a predatory marketing campaign targeting job seekers and single parents with incomes near the federal poverty level. [63] The Department of Justice obtained internal company documents in which CCI employees described the company's target demographic as "isolated", "impatient", individuals with "low self-esteem", who have "few people in their lives who care about them" and who are "unable to see and plan well for future". The complaint alleged that CCI had used aggressive Internet and telemarketing campaigns, as well as television ads on daytime shows like Jerry Springer and Maury Povich to reach these individuals. [64] [65] [ better source needed ]

Federal investigation in the United States

On October 17, 2007, U.S. Department of Education investigators seized records at Florida campuses of for-profit colleges, including CCi's former National School of Technology in Fort Lauderdale, Florida, and Florida Career College (a division of Anthem Education Group) in Lauderdale Lakes, Florida and Pembroke Pines, Florida. [66] The school reported that it was not informed why the records were seized or why similar actions had been taken against other institutions in the area. [67] The campus reopened the next day. [67]

In June 2013, CCi disclosed that it was under investigation by the Securities and Exchange Commission (SEC). [68] CCi is cooperating with the SEC in its investigation. The SEC did not file any actions against CCi in connection with this investigation.

In November 2013, the US Consumer Financial Protection Bureau reported that they were investigating CCi. [69] In December 2013, CCi received a "Notice and Opportunity to Respond and Advise" letter from the CFPB. [70] CCi responded by stating that it "believes that its acts and practices relating to student loans are lawful and that its lending program is essential to many students". [70] The company also explained that the loans offered under the program are "modest in size and have reasonable interest rates", and that the loans allow many students to attend college who otherwise would not have the opportunity to do so. [70] The average loan amount per borrower is $4,700 and the average annual interest rate is 8.5 percent and the maximum rate is 9.9 percent. Loans are only offered to students who have a gap between their educational costs and the available financial aid from all other government and personal sources. [70] The CFPB filed a lawsuit against Corinthian in September 2014 over its loan program and debt collection practices. [71]

In April 2015, the college was fined almost $30 million by the U.S. Department of Education. The department found the school had misled students and loan agencies about the prospects for graduates to find jobs. [72] Within two weeks, the college shut down.

In May 2018, a federal judge ordered the U.S. Department of Education to stop collecting on student loans related to Corinthian. In October 2019 the same judge held U.S. Education Secretary Betsy DeVos in contempt of court because the Department had continued collecting on 16,000 such loans in spite of the court order. [73]

Loan forgiveness

On June 1, 2022, the U.S. Department of Education announced that it would cancel all federal student loans owed by more than 560,000 students who attended Corinthian Colleges between 1995 and 2015. The amount forgiven would total $5.8 billion and would be the single largest discharge of student loans in history according to the department. [53] [54] [55]

Other state investigations

In 2004, a former student from Florida Metropolitan University initiated an action against CCi, claiming he was misled with respect to the school's accreditation and his ability to transfer credits. [74] The lawsuit proceeded in arbitration pursuant to the agreement between the parties. After hearing all of the evidence, the arbitrator found in favor of CCi on all counts and dismissed the lawsuit. [75]

In April 2005, fourteen students from Bryman College's Tacoma, Washington campus filed an action against CCi in the Superior Court of the State of Washington. The students claimed they did not receive proper training for their careers in medical assisting, that they were misled about the program's accreditation status, their eligibility to take a national certification exam, the transferability of their credits, and the availability of internships. The case was moved to the United States District Court for the Western District of Washington and was ultimately dismissed.

In August 2007, the State of Florida closed an investigation into Florida Metropolitan University with no fines, penalties or findings of wrongdoing. [76] The Florida Office of the Attorney General and Florida Metropolitan University entered into an Assurance of Voluntary Compliance acknowledging that Florida Metropolitan University participates in the Florida Statewide Course Numbering System to facilitate the transfer of eligible credits to other institutions. Florida Metropolitan University agreed to continue its efforts to help students with transfer credits and to provide students with clear disclosures. [76]

CCi is awaiting the outcome of regulatory investigations by the SEC and state prosecutors. On January 24, 2014, the Iowa Attorney General's office notified CCi that it is leading an investigation by thirteen states into CCi's business practices. [77] CCi stated that it intends to cooperate. [77] No state attorney general case has been tried and no findings adverse to CCi have been made.

On February 23, 2015, fifteen former and current students of Corinthian Colleges announced they were going on "debt strike", refusing to pay loans accrued for their time at Corinthian schools. They originally called themselves the "Corinthian 15", and after growing, as of April 1, are known as the "Corinthian 100" with 107 members. They are currently pursuing "Defense to Repayment" legal action against Corinthian. Representatives were given a meeting with the Department of Education and the Consumer Financial Protection Bureau. [78] [79] [80]

Related Research Articles

DeVry University is a private for-profit university with its headquarters in Naperville, Illinois. It was founded in 1931 by Herman A. DeVry and is accredited by the Higher Learning Commission. DeVry is predominantly an online educator but does have campuses in the United States.

<span class="mw-page-title-main">ITT Technical Institute</span> Former for-profit technical institute

ITT Technical Institute was a private for-profit technical institute with its headquarters in Carmel, Indiana and many campuses throughout the United States. Founded in 1969 and growing to 130 campuses in 38 states of the United States, ITT Tech was one of the largest for-profit educators in the US before it closed in 2016.

The University of Arizona Global Campus is a public online university affiliated with the University of Arizona. The university announced a deal to acquire Ashford University in 2020 and completed the deal in 2023.

The Art Institutes (AI) were a private for-profit system of art schools in the United States.

<span class="mw-page-title-main">WyoTech</span>

WyoTech, formerly known as Wyoming Technical Institute, is a for-profit, technical college founded in Laramie, Wyoming in 1966. WyoTech provides 3 core programs and 6 specialty programs that prepare students for careers as technicians in the automotive and diesel industry.

Perdoceo Education Corporation(PRDO) is a private company that owns four for-profit universities in the United States: American Intercontinental University, Colorado Technical University, California Southern University, and Trident University International. The company was previously known as Career Education Corporation.

<span class="mw-page-title-main">CDI College</span> For-profit college in Canada

CDI College is a private, for-profit career college in Canada. It offers programs in the business, technology and health care fields. The college has 23 campus locations in five Canadian provinces: six in British Columbia, eight in Alberta, one in Manitoba, four in Ontario and five in Quebec. The school has been owned by the Eminata Group since 2007. A 2022 investigation by CBC reported that some recruiters for CDI College lied to applicants about program accreditation and the post-graduation hiring rates of its students.

National Institute of Technology (NIT) is now Everest Institute*, a system of for-profit colleges offering career training across several program areas.

Everest University was an American private university based in Florida. From 2015 to 2020, the schools were operated by nonprofit Zenith Education Group, after former for-profit owner Corinthian Colleges shut down its operations. It was founded in 1940 as Fort Lauderdale College of Business and Finance and later known as the Florida Metropolitan University, a name it held until 2010. The Florida-based university offered online courses for students throughout the country. Programs focused on career orientation, offering day, night, weekend and online programs for working adults, with programs and schedules varying by campus.

Everest College was a system of colleges in the United States, and with Wyotech, made up Zenith Education. It was until 2015 a system of for-profit colleges in the United States and the Canadian province of Ontario, owned and operated by Corinthian Colleges, Inc. In 2021, former Everest students were made eligible for automatic student loan debt relief through the US Department of Education.

Argosy University was a system of for-profit colleges owned by Dream Center Education Holdings (DCEH), LLC and Education Management Corporation.

<span class="mw-page-title-main">Heald College</span> Defunct private school

Heald College was a private for-profit business–career college with its main campus in San Francisco, California. It offered courses in the fields of healthcare, business, legal, and technology.

<span class="mw-page-title-main">South University</span>

South University is a private university with its main campus and online operations in Savannah, Georgia, United States. Founded in 1899, South University consists of its School of Pharmacy, College of Nursing and Public Health, College of Health Professions, College of Business, College of Theology, and College of Arts and Sciences. The university is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Education Management Corporation (EDMC) was a Pittsburgh, Pennsylvania-based operator of for-profit post-secondary educational institutions in the United States and Canada. The company was founded in 1962. At its peak in 2011, Education Management Corporation operated 110 schools through its higher education divisions: Argosy University, The Art Institutes, Brown Mackie College, and South University, and enrolled 158,300 students.

Tampa College was a private business college founded as a coeducational, nonsectarian, and proprietary institution, in 1890. The school was originally located in Tampa, Florida. The final owner, Corinthian Colleges, folded the school into its Everest brand.

For-profit higher education in the United States refers to the commercialization and privatization of American higher education institutions. For-profit colleges have been the most recognizable for-profit institutions, and more recently with online program managers, but commercialization has been a part of US higher education for centuries. Privatization of public institutions has been increasing since at least the 1980s.

Educational Credit Management Corporation (ECMC) is a United States nonprofit corporation based in Minnesota. Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of guaranty agencies that oversee student loans for the United States Department of Education. As a guarantor working on behalf of the U.S. Department of Education, ECMC charges fees to debtors and earns commissions from taxpayers by collecting on defaulted student loans pursuant to the Higher Education Act. In return, the U.S. government has retrieved billions of dollars from student loan debtors. From 1994 to 2015, according to ECMC, they returned $4.3 billion to the U.S. Treasury.

National Education Centers, Inc (NEC) was a for-profit post-secondary education organization in North America. Through more than 50 campuses and subsidiaries, it offered career-oriented diploma, Associates and bachelor's degree programs in advertising design, architectural design, health care, business, criminal justice, transportation technology, construction trades, and information technology.

For-profit colleges, also known as proprietary colleges, are post-secondary schools that rely on investors, and survive by making a profit. They include for-profit vocational and technical schools, career colleges, and predominantly online universities. For-profit colleges have frequently offered career-oriented curricula including culinary arts, business and technology, and health care. These institutions have a long history in the US, and grew rapidly from 1972 to 2009. The growth of for-profit education has been fueled by government funding as well as corporate investment, including private equity.

References

  1. ↑ "History of Corinthian Colleges Inc". Cci.edu. Archived from the original on November 5, 2014. Retrieved November 14, 2014.
  2. ↑ Lederman, Doug. "ECMC to Close Its 3 Altierus Career College Campuses". www.insidehighered.com. Inside Higher Education. Retrieved December 11, 2022.
  3. ↑ "Corinthian Colleges Inc. - North America Campus Locations". Cci.edu. Archived from the original on November 4, 2014. Retrieved November 14, 2014.
  4. ↑ Robinson-Jacobs, Karen (September 15, 2003). "Operating Career College Lucrative Vocation for CEO" . Retrieved June 9, 2018– via LA Times.
  5. ↑ Accessed February 22, 2022, https://web.archive.org/web/20151101151009/https://www.theglobeandmail.com/news/national/education/ontario-suspends-everest-college-operations-over-financial-concerns/article23107111/
  6. ↑ "For-profit Corinthian Colleges files for bankruptcy". Washington Post. ISSN   0190-8286 . Retrieved June 2, 2022.
  7. ↑ Lobosco, Katie (June 1, 2022). "Biden administration cancels $5.8 billion in student loan debt for former Corinthian students". CNN. Retrieved June 2, 2022.
  8. ↑ Richards, Zoë (June 1, 2022). "Education Department to cancel $5.8B in debt for students of Corinthian Colleges". NBC News. Retrieved June 2, 2022.
  9. 1 2 3 "History of Corinthian Colleges Inc". CCi. June 30, 2013. Archived from the original on April 27, 2014. Retrieved May 1, 2014.
  10. ↑ "History of Corinthian Colleges, Inc. – FundingUniverse". Fundinguniverse.com. Retrieved November 14, 2014.
  11. ↑ "CCi Directory". CCi. Archived from the original on April 16, 2014. Retrieved May 1, 2014.
  12. ↑ Lisa Guernsey (November 15, 1996). "Merger Creates Largest U.S. Chain of Trade Schools". The Chronicle of Higher Education. Retrieved November 29, 2023.
  13. ↑ Dawn DeCwikiel-Kane (January 31, 1990). "Rutledge College Left in Uproar". Greensboro News and Record. Retrieved November 29, 2023.
  14. ↑ Chris Kirkham (August 13, 2014). "Corinthian Colleges tells investors it is facing a criminal probe". Los Angeles Times. Retrieved November 14, 2014.
  15. ↑ Noel Brinkerhoff (January 1, 2014). "Wells Fargo Main Investor in Nation's Worst Private College Company". Allgov.com. Retrieved May 1, 2014.
  16. 1 2 Chris Kirkham (July 4, 2014). "Corinthian Colleges will sell 85 schools, close 12 others". Los Angeles Times. Retrieved November 14, 2014.
  17. 1 2 "Corinthian Colleges to sell 85 U.S. campuses and close 12 under new agreement". Mercurynews.com. July 3, 2014. Retrieved November 14, 2014.
  18. ↑ "Canadian regulators shut down Corinthian subsidiary". Higher Ed Dive. Retrieved June 2, 2022.
  19. ↑ Douglas-Gabriel, Danielle (February 3, 2015). "Here's how a debt collector plans to turn around failing for-profit colleges" . Retrieved June 9, 2018– via washingtonpost.com.
  20. ↑ Gleason, Stephanie; Zibel, Alan (February 3, 2015). "Corinthian Colleges Buyer Agrees to Forgive $480 Million in Student Loans". The Wall Street Journal . Retrieved February 3, 2015.
  21. ↑ Kirkham, Chris (April 26, 2015). "Corinthian Colleges to shut down more than two dozen remaining schools". Los Angeles Times . Retrieved April 26, 2015.
  22. ↑ Yarbrough, Beau (May 4, 2015). "Corinthian Colleges declares bankruptcy amid push for new legislation to help students". San Bernardino County Sun. Retrieved May 5, 2015.
  23. ↑ "Corinthian Colleges Chapter 11 Petition" (PDF). PacerMonitor. Retrieved June 7, 2016.
  24. 1 2 "Everest Programs by State". Everest. Archived from the original on April 16, 2014. Retrieved May 1, 2014.
  25. ↑ "FMU has changed names to Everest University". FMU. Retrieved May 1, 2014.
  26. ↑ "Everest College students in Ottawa share anger at sudden closure". CBC News. February 19, 2015.
  27. ↑ "Corinthian's 14 Schools in Canada Shut Down by Government". Bloomberg. February 20, 2015.
  28. ↑ "Earn Your Degree Online". Everestonline. Archived from the original on June 29, 2014. Retrieved May 1, 2014.
  29. ↑ "Everest College Phoenix". Everest College Phoenix. Archived from the original on May 17, 2014. Retrieved May 1, 2014.
  30. ↑ "Everest College Phoenix Campus Locations". Everest College Phoenix. Archived from the original on April 18, 2014. Retrieved May 1, 2014.
  31. ↑ "Accreditation & Licensure". Everest College Phoenix. Archived from the original on April 17, 2014. Retrieved May 1, 2014.
  32. 1 2 "Our Schools". CCi. Archived from the original on April 27, 2015. Retrieved May 1, 2014.
  33. ↑ "About Heald College". Heald College. Archived from the original on March 30, 2014. Retrieved May 1, 2014.
  34. 1 2 "Statement of Accreditation Status: Heald College". WASC Senior. June 15, 2012. Retrieved May 1, 2014.
  35. ↑ "Heald College Locations". Heald College. Archived from the original on May 17, 2014. Retrieved May 1, 2014.
  36. 1 2 "Sale of Heald Colleges could lead to more student options". Bizjournals.com. Retrieved November 14, 2014.
  37. ↑ "Corinthian Colleges Completes Acquisition Of Heald Capital LLC - Quick Facts". RTT News. January 5, 2010. Retrieved May 1, 2014.
  38. ↑ "WyoTech Locations". WyoTech. Archived from the original on April 16, 2014. Retrieved May 1, 2014.
  39. ↑ "We're Back". WyoTech. Retrieved December 1, 2018.
  40. 1 2 "U.S. Department of Education Database of Accredited Postsecondary Institutions and Programs". Ope.ed.gov. Retrieved November 14, 2014.
  41. 1 2 "Accreditation". Everest.edu. Archived from the original on November 29, 2014. Retrieved November 14, 2014.
  42. ↑ "Why WyoTech Accreditation Matters". Wyotech.edu. Archived from the original on December 1, 2014. Retrieved November 14, 2014.
  43. 1 2 Dayen, D. (2015) 'Chipping Away At My Soul': Insiders Detail The Decline And Fall Of Corinthian's For-Profit College Empire. Huffington Post, June 4, 2015
  44. ↑ Mediha DiMartino (February 5, 2014). "Corinthian Shares Drop". Orange County Business Journal. Retrieved May 1, 2014.
  45. ↑ "Corinthian Colleges Inc. (COCO)". Yahoo! Finance. Retrieved May 1, 2014.
  46. ↑ "Corinthian Colleges, Inc". Top Work Places. Archived from the original on February 1, 2014. Retrieved May 1, 2014.
  47. ↑ Halperin, David (June 2, 2014). "For-Profit College Enrolls, "Exploits" Student Who Reads at Third-grade Level". HuffPost . Retrieved June 9, 2018.
  48. ↑ Weissmann, Jordan (June 3, 2014). "This For-Profit College Admitted a Student With a Third-Grade Reading Level". Slate. Retrieved June 9, 2018.
  49. ↑ "90/10 Regulation & Calculation" (PDF). U.S. Department of Education. Retrieved May 1, 2014.
  50. ↑ "Appendix 9: Funds Reported Pursuant to 90/10 Rule by Company" (PDF). U.S. Senate. Retrieved May 1, 2014.
  51. ↑ "Cohort Default Rates". FinAid. Retrieved May 1, 2014.
  52. 1 2 "Corinthian Colleges Inc Form 10-K (Annual Report)" (PDF). Shareholder.com. September 3, 2013. Archived from the original (PDF) on February 1, 2014. Retrieved May 1, 2014.
  53. 1 2 Archie, Ayana; Turner, Cory (June 2, 2022). "U.S. will forgive $5.8 billion of loans to Corinthian Colleges students". NPR . Retrieved June 2, 2022.
  54. 1 2 "Biden administration erases debt of former Corinthian College students". Chicago Tribune. June 2022. Retrieved June 2, 2022.
  55. 1 2 Stratford, Michael (June 2022). "Biden administration forgives all federal student loan debt for 560K Corinthian borrowers". POLITICO. Retrieved June 2, 2022.
  56. ↑ "Class Action Suit Filed Against Corinthian Colleges, Inc. on Behalf of Medical Assistant". Reuters. March 12, 2008. Archived from the original on April 17, 2014.
  57. ↑ "Leask, Et Al V. Corinthian Colleges, Inc., Et Al". Superior Court of California. Retrieved May 1, 2014.
  58. ↑ Andrew Galvin (August 1, 2007). "Corinthian to pay $6.5 million". Orange County Register. Retrieved May 1, 2014.
  59. ↑ Li, Shan (October 10, 2013). "Attorney general accuses Corinthian Colleges of "predatory" ads". Los Angeles Times.
  60. ↑ "Attorney General Kamala D. Harris Files Suit in Alleged For-Profit College Predatory Scheme". California Office of the Attorney General. October 10, 2014.
  61. ↑ "Heald College students echo California attorney general's complaints about job prospects - Capitol and California - the Sacramento Bee". Archived from the original on December 8, 2013. Retrieved June 9, 2015.
  62. 1 2 3 "CCi's response to California AG lawsuit" (PDF). Shareholder.com. Archived from the original (PDF) on February 1, 2014. Retrieved November 14, 2014.
  63. ↑ "Attorney General Kamala D. Harris Files Suit in Alleged For-Profit College Predatory Scheme". California Office of the Attorney General. October 10, 2013. Retrieved May 1, 2014.
  64. ↑ "Who Owns The Awful Corinthian Colleges? Wells Fargo, Marc Morial, Pension Funds". Huffington Post. October 15, 2013.
  65. ↑ +Steve Rhode (October 11, 2013). "California Sues a Number of Colleges for Doing Bad Stuff". Get Out of Debt Guy - Steve Rhode. Retrieved March 17, 2015.
  66. ↑ "Corinthian Colleges School Is Latest Florida Campus to Be Scene of Federal Raid". The Chronicle of Higher Education. October 17, 2007.
  67. 1 2 Brian Haas; Barbara Hijek (October 18, 2007). "Another career college raided". Sun Sentinel. Retrieved May 1, 2014.
  68. ↑ "Corinthian Colleges Under Investigation by SEC". The Wall Street Journal. Retrieved November 14, 2014.[ permanent dead link ]
  69. ↑ "For-Profit Colleges Face Consumer Bureau Probe on Lending Roles". Bloomberg. Retrieved November 14, 2014.
  70. 1 2 3 4 "Corinthian Colleges Inc.: CFPB Investigation/Company Student Lending Programs: Background/Key Points" (PDF). Shareholder.com. February 4, 2014. Archived from the original (PDF) on April 17, 2014. Retrieved May 1, 2014.
  71. ↑ "CFPB Sues For-Profit College for FDCPA Violations and Predatory Loan Program". insideARM.com. September 17, 2014. Retrieved November 21, 2014.
  72. ↑ Nasiripour, Shahien (April 15, 2015). "Herald College Fined For Misleading Students About Job Prospects". Huffington Post. Retrieved April 15, 2015.
  73. ↑ Stratford, Michael (October 24, 2019). "DeVos held in contempt for violating judge's order on student loans". Politico. Retrieved October 25, 2019.
  74. ↑ "Bad Education". Orlando Weekly. April 4, 2005. Retrieved April 16, 2014.
  75. ↑ "Corinthian Colleges Reports Favorable Arbitration Award in Satz Case - Arbitrator Finds in Favor of Company on All Counts". U.S. News & World Report. January 23, 2006. Retrieved April 15, 2014.
  76. 1 2 Charles Huckabee (November 6, 2007). "Florida Attorney General Settles With Corinthian Division". The Chronicle of Higher Education. Retrieved May 1, 2014.
  77. 1 2 "States Expand For-Profit Education Probe". The Wall Street Journal. Retrieved November 14, 2014.[ permanent dead link ]
  78. ↑ Douglas-Gabriel, Danielle (February 25, 2015). "A dangerous revolt: People are refusing to pay back student loans". The Washington Post . Retrieved March 2, 2015.
  79. ↑ Kamenetz, Anya. "Activists Stop Paying Their Student Loans". NPR. Retrieved April 1, 2015.
  80. ↑ Tamar Lewin, "For-Profit Colleges Face a Loan Revolt by Thousands Claiming Trickery", New York Times, May 3, 2015, http://mobile.nytimes.com/2015/05/04/education/for-profit-colleges-face-a-loan-strike-by-thousands-claiming-trickery.html.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.