HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Education (Group) » For-profit college to sel...

Fri Jul 4, 2014, 05:19 PM

For-profit college to sell most campuses

WASHINGTON (AP) The troubled for-profit education company Corinthian Colleges Inc. and the Education Department reached an agreement late Thursday that has 85 of the company's 100-plus campuses going up for sale, and 12 others closing.

Corinthian owns Everest College, Heald College and WyoTech schools. It serves about 72,000 students in 26 states and Ontario, Canada, and receives about $1.4 billion in federal financial student aid annually. The highest concentrations of students are in California, Florida and Texas. Students generally receive career training in areas such as auto mechanics or health care.

Jack Massimino, Corinthian's chairman and chief officer, praised the agreement in a statement.

"This agreement allows our students to continue their education and helps minimize the personal and financial issues that affect our 12,000 employees and their families," Massimino said. "It also provides a blueprint for allowing most of our campuses to continue serving their students and communities under new ownership."

more

http://www.sfgate.com/news/texas/article/For-profit-Corinthian-to-sell-most-campuses-5599654.php

4 replies, 1491 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply For-profit college to sell most campuses (Original post)
n2doc Jul 2014 OP
shenmue Jul 2014 #1
PumpkinAle Jul 2014 #3
Erich Bloodaxe BSN Jul 2014 #2
LuckyLib Jul 2014 #4

Response to n2doc (Original post)

Fri Jul 4, 2014, 05:24 PM

1. I looked into a couple similar schools not long ago

But they seemed too expensive. Local state schools are cheaper.

I am still thinking about getting a license in medical billing or nursing, but I am working for the moment, so it's been pushed off a little.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to shenmue (Reply #1)

Fri Jul 4, 2014, 05:54 PM

3. Go to a state school

may take a little longer, but you won't be chewed up and spat out and owing a huge amount of $$

Reply to this post

Back to top Alert abuse Link here Permalink


Response to n2doc (Original post)

Fri Jul 4, 2014, 05:39 PM

2. Good riddance.

Far too many of those for profit 'schools' are only interested in collecting money, not in teaching anything useful or even trying to graduate students. Drop-out mills don't help anything.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Erich Bloodaxe BSN (Reply #2)

Fri Jul 4, 2014, 08:22 PM

4. Yes. They are heavily tied to federal student loans

To get you the money you need to pay them outrageous tuition based on promises of future earnings. A rip-off!

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread