The downfall of Corinthian Colleges — the operator of Everest University, WyoTech, and Heald College — has put for-profit education chains in the spotlight, with people focusing on allegations of bogus job-placement statistics, grade manipulation, questionable marketing practices, and speculation regarding what will happen to $1.4 billion in federal student aid. But what about the actual students who have been watching this collapse from the inside? What about their stories? [More]
heald college
Corinthian Employees: School Manipulated Grades, Job-Placement Stats To Score Federal Aid Money
By 7.16.14
When a college touts its job-placement statistics to prospective students and investors, does that number only refer to graduates who have jobs in their field of study? What about people who have decent jobs that aren’t in that field, but which they wouldn’t have gotten without the extra schooling? And should that stat include every grad who is earning any sort of paycheck, regardless of how meager the income or how unrelated to their education? [More]
Corinthian Colleges To Sell Off 85 Campuses; Close 12 Others
By 7.7.14
While most of us spent the July 4th weekend relaxing and trying to not think about work or school, the folks at faltering for-profit education company Corinthian Colleges — operators of Everest University, WyoTech, and Heald College — were busy slapping For Sale signs on almost all of their campuses around the country. [More]
The Government Has 1.2 Billion Reasons To Keep Corinthian Colleges Afloat
By 7.2.14
For the last week, we’ve been telling you about the ongoing negotiations between the U.S. Dept. of Education and Corinthian Colleges, the operators of the for-profit Everest University, WyoTech, and Heald College chains, that would sell off some of the schools and wind-down the others. Some people have asked why the government doesn’t just let Corinthian collapse. Part of the reason is that it would leave some 72,000 students in the lurch, but a big motivating factor is that the government could end waving bye-bye to more than $1 billion in student loan debt. [More]
Corinthian’s Plans To Sell Off Heald College Campuses Didn’t Win Over Government
By 7.2.14
A week ago, beleaguered for-profit college biggie Corinthian — which operates the Everest University, WyoTech, and Heald College chains — confirmed that it would be meeting with the Dept. of Education to discuss its plan to sell off some of its campuses in an attempt to free up student loan money and allow classes to continue while the school is investigated by state and federal regulators for allegations of misleading marketing and questionable loan application processes. The two parties met on Tuesday, but no deal was reached. [More]
Are You A Student At Everest University, WyoTech, Or Heald College? We’d Like To Hear From You
July 1, 2014
Corinthian Colleges, Inc., one of the nation’s largest for-profit education companies — running popular chains of schools like Everest Univeristy, WyoTech, and Heald College — is also in the process of becoming that industry’s biggest collapse, as it works with the Dept. of Education to sort out a plan for selling off a number of its campuses and winding down others. While much has been made about the company’s billions in student loan funding, we haven’t heard much from the students. [More]
Senators Hope To Block New Student Enrollment At For-Profit Corinthian Colleges
By 6.27.14
Days after the U.S. Dept. of Education brokered a deal with Corinthian Colleges — the operator of for-profit school chains like WyoTech, Heald Colleges, and Everest — that would allow these programs to remain open while it faces numerous state and federal investigations, a dozen Senators have asked the Education Secretary to block continued enrollment at Corinthian-owned schools. [More]
For-Profit Corinthian Colleges To Sell Off Campuses, Phase Out Programs
By 6.23.14
Corinthian Colleges, the company that operates for-profit education chains like WyoTech, Everest, Heald Colleges, and others has been the subject of both state and federal investigations that have kept it from opening up any new campuses. Today, Corinthian announced it’s working on a deal with the U.S. Dept. of Education that would keep its schools operating while it sells off a number of campuses and phases out others. [More]
Now The Feds Are Investigating Operators Of Everest, WyoTech & Heald Colleges
By 2.6.14
Last fall, the state of California sued Corinthian Colleges, Inc. — better known as the company that operates a number of the for-profit colleges whose ads dominate daytime TV commercial breaks — over allegations that it lied to students about job-placement stats and to investors about its graduates’ success rate. Yesterday, CCI revealed that it’s also being investigated by two federal agencies and can’t open any new locations for the time-being. [More]
