Corinthian Colleges to shut down all 28 remaining campuses
Source: AP
SANTA ANA, Calif. (AP) Corinthian Colleges will shut down all of its remaining 28 ground campuses, displacing about 16,000 students, less than two weeks after the U.S. Department of Education announced it was fining the for-profit institution $30 million for misrepresentation.
In a statement Sunday, the Santa Ana, California-based company said it was working with other schools to help students continue their education. The closures include Heald College campuses in California, Hawaii and Oregon, as well as Everest and WyoTech schools in California, Arizona and New York.
Corinthian was one of the country's largest for-profit educational institutions. It collapsed last summer amid a cash shortage and fraud allegations.
The Education Department contends that Corinthian failed to comply with requests to address allegations of falsifying job placement data and altering grades and attendance records. It agreed to sell or close its campuses under pressure from the department.
Read more: http://bigstory.ap.org/article/b17ba2a434944f37ab1f2bb6151ea3ca/corinthian-colleges-shut-down-all-28-remaining-campuses
These places just suck money out of the naïve, as well as our tax dollars (in the form of Pell grants).
pstokely
(10,528 posts)they marketed to the naive, like "rent to own" shops
eggplant
(3,911 posts)(I had been laid off and hadn't found another real job yet.)
It is exactly what the most cynical of us imagine. "Instructors" were told to do everything needed to keep students enrolled until they were passed the "give back" date for Pell grants. If the student drops out too quickly, the feds demand the money back. So the instructors had to essentially baby-sit these kids to get them to show up. I refused, but I was the anomaly.
The only thing that made it ok was knowing that I could quit any time I wanted, because my unemployment from my previous job was almost exactly what I was getting paid by ITT. I was working the job to avoid a hole in my resume, and to get me out of the house, not for the money.
PSPS
(13,601 posts)There is never any jail for these white-collar criminals, of course. I presume some of this profit was laundered back as bribes "campaign contributions" to congress which shields them from prosecution.
pstokely
(10,528 posts)nt
drray23
(7,633 posts)All those for profit colleges should be run out of business. All they do is prey on people who are in less than ideal financial situations and make them rack up loans only to find out they cant find a job afterwards. The diploma these colleges offer are not worth the paper they are printed on.
pstokely
(10,528 posts)Last edited Mon Apr 27, 2015, 10:35 PM - Edit history (2)
and have overpaid administrators and coaches, still an english or philosophy degree given by a "real" college is probably worth more than any degree given out by these overpriced diploma mills that advertise during Jerry Springer, "real" colleges use their sports teams as marketing if they don't have an excellent reputation like an Ivy League institution
davidpdx
(22,000 posts)Schools like Corinthian, ITT, etc. (the especially the ones that advertise on daytime TV) do prey on people. I agree with you on that. I disagree that you can lump all for profit colleges in one pot. Of my three degrees, one was at a for profit school (one was at a public university and the other at a Catholic university that assume is for non-profit).
I live outside the US so I don't see commercials on American TV anymore. But when I go home and happen to see one of these types of commercials it almost makes me feel dirty.
Response to alp227 (Original post)
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NBachers
(17,120 posts)mpcamb
(2,871 posts)Along with-
Why " is never any jail for these white-collar criminals"?
and why
"some of this profit ... laundered back as bribes 'campaign contributions' to congress ... shields them from prosecution."
Aristus
(66,386 posts)That was my first step in my path to becoming a Physician Assistant. I needed to get clinical, hands-on experience. Their training protocol was not, shall I say, rigorous. There was a lot of bs in the program. Through a combination of native talent and keeping my ears open, I learned enough to make a good start as an MA. I learned a great deal more on-the-job. I think I was a pretty good MA. I got accepted to the PA School at the University of Washington, which has very rigorous standards for training.
If I had to do it again, I would have explored attending a community college MA program. I'm glad to hear Corinthian is going down. Their training program in general was less than ideal...
davidpdx
(22,000 posts)Sometimes beyond the news reports it's hard to know what the place was like. I'm glad you were able to graduate and find a career and I feel bad for those who got screwed.
alcibiades_mystery
(36,437 posts)These people stole money from the government and hopeful young people through their scams. They should be in federal prison. Barring that, they should make their victims whole.
Stainless
(718 posts)There is a reason these businesses are known as "failure factories".
pstokely
(10,528 posts)since adtime is cheap during shows like Maury, that probably meant more cash for their CEO