As a continuation of the Corinthian Colleges investigation last year by the U.S. Department of Education, an Inside Higher Ed article has announced that based on new info, as many as 85,000 Corinthian students may be able to have their loans cancelled.
The U.S. Department of Education has announced that Corinthian Colleges Inc. has agreed to an operating plan which will ease the process of closing down its campuses. In early June, Corinthian Colleges was placed under “increased financial oversight” by the Department of Education since Corinthian had failed to submit required data about enrollment and job placement. Concerns were also brought up about Corinthian’s marketing practices to prospective students. Programs owned
