For-profit college to sell most campuses

[n2doc]

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

[shenmue]

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.

[PumpkinAle]

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 $$

[Erich Bloodaxe BSN]

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.

[LuckyLib]

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!