Bankrupt for-profit college chain Corinthian Colleges Inc. is already party to a number of state and federal investigations related to the alleged deceptive recruiting practices at its Heald College, WyoTech and Everest University campuses. Now, a group of senators are hoping to add another investigation to the roster. [More]
heald college
Corinthian Colleges Inc. Files For Bankruptcy
By 5.4.15
A week after embattled for-profit college chain Corinthian Colleges Inc. closed its remaining Everest University, Heald College and WyoTech campuses, the company filed for bankruptcy, essentially closing the book on the company’s long downward spiral. [More]
List Of Transfer Schools For Corinthian College Students Includes Other For-Profit Chains Under Investigation
By 4.28.15
Just because students who attended the now closed Everest University, Heald College or WyoTech campuses can’t finish their college career with Corinthian Colleges Inc., doesn’t mean they can’t finish their education somewhere else. For student who would prefer to transfer to a similar program rather than receive a refund, the Department of Education has provided a list of viable colleges. But that list has quickly garnered criticism from lawmakers because it includes other for-profit education institutions under scrutiny. [More]
Petition Calls For Loan Relief For Corinthian College Students
By 4.27.15
Ever since for-profit education chain Corinthian Colleges began its downward spiral last summer, consumer groups, students and legislators have urged the Department of Education to provide current and former students relief from student loans they took out to finance an education based on deceptive recruitment practices. Now that CCI has closed its remaining Everest University, Heald College and WyoTech campuses, consumer advocates say discharging federal student loans held by these students – and protecting students of other for-profit institutions – should be of immediate concern for the Department. [More]
Corinthian Colleges Completes Collapse, Closes Remaining Campuses Effective Immediately
By 4.26.15
Although it was nearly a year in the making, the largest collapse in U.S. higher education finally occurred Sunday, as embattled for-profit education chain Corinthian Colleges Inc. – the operator of Everest University, Heald College and WyoTech – announced it would close the remainder of its campuses effective Monday. [More]
California Orders Corinthian Colleges To Stop Enrollment At WyoTech, Everest Campuses
By 4.22.15
The collapse of for-profit education chain Corinthian Colleges – operator of Everest University, Heald College and WyoTech – continued today after a California regulator issued an order requiring the company to cease enrolling new students at its Everest and WyoTech campuses in the state. [More]
Corinthian Colleges Fined $30M Over Falsified Job Placement Rates At Heald College
By 4.15.15
The Department of Education continued its crackdown on deceptive for-profit college practices Tuesday by levying a $30 million fine against embattled Corinthian Colleges Inc. – operator of Everest University, Heald College and WyoTech – over the use of misstated and inaccurate job placement rates to recruit students. [More]
Nine Attorneys General Join “Corinthian 15,” Urge DOE To Provide Student Loan Debt Relief For Wronged Borrowers
By 4.10.15
A group of former and current Corinthian College Inc. students refusing to pay their federal student loans in protest of the government’s support of the crumbling for-profit college chain now have the backing of several top political officeholders afternine attorneys general from across the U.S. sent a letter to the Department of Education asking it to forgive the students’ loan debts. [More]
Current, Former Corinthian College Students On “Debt Strike” Plan To Meet With Gov’t Officials
By 3.30.15
Last month, we told you about the Corinthian 15, a group of current and former students at crumbling Corinthian College Inc.’s WyoTech, Heald College, and Everest University campuses who were refusing to pay their federal student loans in protest of the government’s support of the for-profit college company. Now that group has grown to what could be called the Corinthian 100+, and it’s made plans to take its case to several government agencies this week.
Corinthian College’s Canadian Subsidiary Files For Bankruptcy A Week After Campuses Shut Down
By 2.24.15
Less than a week after the Ontario Education Ministry closed 14 Everest College campuses in the province, the Canadian subsidiary of for-profit college operator Corinthian Colleges Inc. announced it had filed for bankruptcy. [More]
Current, Former Corinthian College Students Go On “Debt Strike,” Refuse To Pay Private & Federal Loans
By 2.24.15
With for-profit educator Corinthian Colleges Inc. selling off campuses and closing schools, thousands of Everest, WyoTech, and Heald College students are waiting to learn the fate of the more than $1 billion in private and federal student loan debt used to finance their education. While the Department of Education and the Consumer Financial Protection Bureau have worked to secure deals in which some of that debt will be forgiven, some students are increasing the pressure on such deals by staging a “debt strike.” [More]
Ontario Education Officials Close 14 Everest Campuses Amid Corinthian Colleges’ Downfall
By 2.19.15
If you thought the issues plaguing beleaguered for-profit college operator Corinthian Colleges Inc. didn’t extend beyond the borders of the United States, then you were wrong. Some 2,400 students in Canada are now left to pick up the pieces after the Ministry of Education in Ontario announced it would shut down CCI-operated Everest College campuses in the province. [More]
California Halts Grants For Students At Corinthian’s Heald College Campuses
By 2.17.15
Nearly 4,500 students at California campuses of the for-profit Heald College chain — operated by the beleaguered Corinthian Colleges, Inc. — have been notified they won’t be receiving state grants to help finance their education because school administrators failed to provide financial statements to state regulators.
[More]
Corinthian Colleges Inc. Expected To Be Delisted From Nasdaq Tuesday
By 2.13.15
Embattled for-profit college operator Corinthian Colleges Inc. — the company behind the Everest, WyoTech, and Heald College chains — is set to be delisted from the Nasdaq stock exchange Tuesday after it failed to meet a deadline to file quarterly earnings reports.
Senators Ask Dept. Of Education To Discharge Student Loans For Everest, WyoTech, Heald Students
By 12.10.14
While Corinthian Colleges — the failing for-profit educator behind schools like Everest University, WyoTech, and Heald College — sorts out new owners for most of its properties, several thousand of the schools’ students are left in limbo, unsure of who is responsible for their education — and unsure if that pricey education is worth the huge loans they’ve taken out to pay for it. Yesterday, a group of a dozen U.S. Senators asked the Dept. of Education to consider giving these students a way out of their federal student loans. [More]
There Are So Many Things Wrong With This Everest University Job Posting That We Might Cry
By 8.14.14
Earlier this summer Corinthian Colleges proved to be in it for the long haul when, despite striking a deal with the Dept. of Education to either sell off or close most of its schools, it continued to pepper television airways with ads and badger attendees at college fairs in order to entice students to enroll. Now the company is showing that those questionable marketing skills aren’t just for students, but also to hook potential educators and support staff. [More]
Corinthian Colleges Subpoenaed In Possible Criminal Investigation
By 8.14.14
Corinthian Colleges — the company that operates for-profit college chains like Everest, WyoTech, and Heald — is already under investigation by various state and federal regulators, but the company has disclosed to its investors that it may also be the subject of a criminal probe by federal prosecutors. [More]
Corinthian Colleges Employee: “We Work For The Biggest Scam Company In The World”
By 7.24.14
Corinthian Colleges — the operator of for-profit school chains Everest University, WyoTech, and Heald Colleges — is selling off or shutting down campuses as it faces lawsuits and investigations from multiple state and federal agencies. The allegations involve bogus job-placement stats, grade manipulation, and misleading marketing. We recently spoke to several current and former CCI teachers and admissions staffers who confirmed these bad practices and explained that it was all done in pursuit of billions of dollars in federal aid from taxpayers. [More]
