Corinthian Colleges Collapses

Corinthian Colleges shuts down.

AP: "Corinthian Colleges will shut down all of its remaining 28 ground campuses, displacing about 16,000 students ... U.S. Senator Dick Durbin of Illinois released a strongly worded statement in response to the closures, encouraging [the U.S. Department of Education] to pursue debt relief for students of the colleges.' ... the U.S. Department of Education [had] announced it was fining the for-profit institution $30 million for misrepresentation."

http://www.ksdk.com/story/news/education/2015/04/26/corinthian-colleges-shut-down-dick-durbin-response/26428237/



Education Dept. reaches out to displaced students.

Bloomberg: "U.S. Education Under-Secretary Ted Mitchell said the department's workers will begin reaching out to Corinthian's students to review their options, including the possibility of loan discharges."

http://www.bloomberg.com/news/articles/2015-04-26/corinthian-colleges-ends-all-classes-at-last-campuses-and-closes