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Corinthian Colleges

Inside the ECMC-Corinthian Deal: Will Students Be Protected?

David Halperin | Posted 01.23.2015 | College
David Halperin

The U.S. Department of Education's ill-advised effort to broker the sale of 56 campuses of the discredited Corinthian for-profit college chain to ECMC, a student debt collection operation, has hit some snags.

Yesterday: The Factory Floor Today: The Campus Commons

Jerry Ashton | Posted 12.29.2014 | New York
Jerry Ashton

In case you may not have heard as yet, Occupy Wall Street's "Strike Debt!" (SD!) working group has a modest goal in mind for 2015: to organize America's debt-burdened college and university students into a union strong enough to bring today's institutions of higher learning to their knees.

Declaring Corinthian Colleges Too Big To Fail: A Terrible Idea

David Halperin | Posted 12.19.2014 | Business
David Halperin

Treating Corinthian as too big to fail, and thus sacrificing students and common sense, simply to find a buyer, any buyer, is a terrible course and a terrible precedent. The time to stop this bad decision is right now.

Shahien Nasiripour

Senate Democrats Demand Obama Administration Forgive Corinthian Students' Debts | Shahien Nasiripour | Posted 12.10.2014 | Politics

A group of Senate Democrats has urged the Obama administration to forgive debts incurred by thousands of current and former students at troubled for-p...

Shahien Nasiripour

U.S.-Brokered Bailout Of For-Profit Colleges Treats Students 'Like Financial Assets' | Shahien Nasiripour | Posted 11.20.2014 | Politics

Some 39,000 college students will soon stop making tuition payments to a company that state and federal regulators allege advertised bogus job prospec...

Lower Education: How A Disgraced College Chain Trapped Its Students In Poverty

BuzzFeed | Posted 11.14.2014 | College

Not long ago, Amber Brown, a student at Everest University, saw an article on Facebook about one of the many lawsuits against her school. The story, s...

Education With a Debt Sentence

Astra Taylor | Posted 11.22.2014 | College
Astra Taylor

The mantra is everywhere: a college education is the only way to climb out of poverty and create a better life. For-profit schools allow Wall Street investors and corporate executives to cash in on this faith.

Shahien Nasiripour

Occupy Wall Street Buys, Then Cancels, Student Debt | Shahien Nasiripour | Posted 09.18.2014 | Politics

Some 40 million Americans collectively owe nearly $1.3 trillion on their student loans. On Wednesday, a small group of volunteers announced they helpe...

Occupy Abolishes Almost $4,000,000 in Student Debt, Enrolls Campus Activists, Announces Nationwide 'Debt Collective'

Jerry Ashton | Posted 11.17.2014 | New York
Jerry Ashton

As the result of an unprecedented "search and destroy" campaign by Occupy's Strike Debt Working Group and their Rolling Jubilee team, 2,761 individuals have been unburdened of their student debt to the tune of $3,856,866.11.

Shahien Nasiripour

For-Profit College Chain Cheated Students, U.S. Alleges | Shahien Nasiripour | Posted 09.17.2014 | Politics

For-profit education company Corinthian Colleges Inc. misled students into taking out unaffordable loans by falsely advertising job prospects, then us...

More Problems At For-Profit Colleges As Their Stocks Dramatically Drop

Reuters | Posted 11.17.2014 | College

Sept 16 (Reuters) - For-profit education companies Education Management Corp and Corinthian Colleges Inc said they would not be able to file their ...

Consumer Protector Cordray: Corinthian Colleges Deceived and Bullied Students

David Halperin | Posted 11.16.2014 | Business
David Halperin

Now that Corinthian, which was taking in as much as $1.4 billion a year in taxpayer dollars, is collapsing under the weight of law enforcement probes and bad student outcomes, I worry that a prolonged focus on its horrid acts might allow other terrible actors in the for-profit college industry to sneak out the back door.

Corinthian Colleges Accused Of Predatory Lending

Reuters | Posted 09.17.2014 | Business

WASHINGTON, Sept 16 (Reuters) - The U.S. consumer finance watchdog on Tuesday sued Corinthian Colleges for alleged predatory lending, saying that the ...

Dept. of Education Letter: Corinthian Misled Students and Overseers About Job Placement

David Halperin | Posted 10.26.2014 | Business
David Halperin

Republic Report has obtained a toughly-worded 17-page letter sent on Friday from the U.S. Department of Education to collapsing for-profit Corinthian Colleges, with the government charging that Corinthian's Everest Institute misrepresented job placement statistics at its Decatur, Georgia, campus to the school's accrediting agency and to students.

Troubled For-Profit College Admits It's In Trouble

LA Times | Chris Kirkham | Posted 08.14.2014 | Business

After months of financial uncertainty and battles with regulators, Corinthian Colleges Inc. told investors Wednesday about the prospect of a criminal ...

Former Federal Prosecutor To Keep An Eye On Controversial For-Profit College

AP | Kimberly Hefling | Posted 07.18.2014 | College

WASHINGTON (AP) -- Former federal prosecutor Patrick Fitzgerald has agreed to serve as an independent monitor of a troubled for-profit education compa...

Controversial For-Profit College Seeking To Reassure Students They Won't Get Screwed Over

AP | BEN NUCKOLS | Posted 07.09.2014 | College

SILVER SPRING, Md. (AP) — A for-profit education company sought to reassure nervous students Tuesday that they'll be able to finish their degrees ev...

Major For-Profit College Chain To Dump Most Campuses

AP | KIMBERLY HEFLING | Posted 07.04.2014 | College

WASHINGTON (AP) — The troubled for-profit education company Corinthian Colleges Inc. and the Education Department reached an agreement late Thursday...

Troubled For-Profit College Misses Deadline

AP | KIMBERLY HEFLING | Posted 07.02.2014 | College

WASHINGTON (AP) -- The troubled for-profit education company Corinthian Colleges Inc. and the Education Department failed to meet a deadline to map ou...

For-profit College Group APSCU Has Consistently Harbored Fraudulent Schools

David Halperin | Posted 08.30.2014 | Business
David Halperin

Companies in your sector and your trade association are opposing a rule that would motivate career colleges to provide higher quality programs, at more affordable prices. Your opposition to the gainful employment rule is hurting students, taxpayers, and our economy.

Major For-Profit College Chain Is 'One Of The Worst,' Senators Say

AP | Posted 06.26.2014 | College

NEW YORK (AP) -- A dozen U.S. senators, all Democrats, are pushing Corinthian Colleges Inc. to stop accepting new students in a letter to the Departme...

Embattled Colleges Reach Tentative Agreement With Education Department

AP | Posted 08.23.2014 | College

SANTA ANA, Calif. (AP) — Corinthian Colleges Inc. and the U.S. Department of Education have reached an agreement that will allow the for-profit educ...

For-Profit Corinthian Colleges on the Brink: Who's Responsible?

David Halperin | Posted 08.20.2014 | Business
David Halperin

There will undoubtedly be serious disruptions if a major for-profit college with tens of thousands of students collapses. But the last thing government should be doing is to spend more taxpayer dollars to drive more students into bad deals at predatory colleges.

Embattled For-Profit College Chain May Shut Down

AP | Posted 08.19.2014 | College

NEW YORK (AP) — Corinthian Colleges, a for-profit education company with about 75,000 students nationwide, warned Thursday that it may fail as it cl...

For-Profit College Enrolls, 'Exploits' Student Who Reads at Third-grade Level

David Halperin | Posted 08.02.2014 | College
David Halperin

A librarian at a southern California campus of Everest College abruptly resigned last week, deeply upset that the for-profit school had admitted into its criminal justice program a 37-year-old man who appears to read at a third-grade level.