Blog Archives

The ‘Not Everyone Should Go To College’ Argument Is Classist And Wrong

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Many people imagine a bright line between college and vocational education — Ph.Ds on one side, plumbers on the other. That line doesn't exist, and it hasn't for at least a generation. Particularly at two-year colleges, programs for future English majors and future auto mechanics often exist side-by-side. One path might lead …

Durbin Issues Warning To Illinois Students

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U.S. Senator Dick Durbin (D-IL) announced that Corinthian Colleges, Inc. which operates under the name “Everest College” plans to seek buyers for its six campuses in Illinois located in Burr Ridge, Bedford Park, Melrose Park, Merrionette Park, North Aurora and Skokie. As part of an agreement signed with the Department of Education, …

Department Of Education Says It Is Not Responsible For Closing For-Profit College

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In an briefing call yesterday, a senior Department of Education appeared to distance the agency from claims that it had intentionally caused the shutdown of a major for-profit college. After Corinthian Colleges announced in June that a financial penalty imposed by the Department of Education had placed it in danger of immediate …

The Collapse Of Corinthian Colleges

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Under with the U.S. Department of Education, Corinthian Colleges will put 85 of its U.S. campuses up for sale and close the remaining dozen. The for-profit college chain operates campuses under the names Heald, Everest and WyoTech. It has more than 70,000 students across North America. It's the largest-ever college, by enrollment, …

Employment After The Recession

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Four of five students who graduated college in 2008 were able to find some sort of employment in the four years after their graduation, despite entering the work force during the worst of the economic recession, a federal report shows.

Eighty-three percent of bachelor's-degree recipients who were not enrolled in another degree program …

Corinthian’s Dismantling Begins

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The U.S. Department of Education and Corinthian Colleges agreed late Thursday to a plan to close or sell the for-profit provider's 107 campuses and online programs. It remained unclear which of the company's Everest, Heald and WyoTech chains will be sold. The department said it would release $35 million in financial aid …

Shutting Down A For-Profit College?

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Cutting off access to the student aid spigot is probably the most important way the Department of Education can clamp down on poorly performing for-profit colleges, but doing so isn’t easy—as the ongoing saga of Corinthian Colleges (COCO) shows. Today, Corinthian announced that it missed a deadline to reach an agreement with …

Corinthian Colleges Is Closing

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Late last month, Corinthian Colleges, a publicly traded for-profit higher education company that enrolls 72,000 students at over 100 campuses nationwide, announced its imminent bankruptcy.

Facing declining enrollment and multiple investigations into its financial and educational practices from parties including the federal Consumer Financial Protection Bureau and a group of state attorneys general, …

More Time For Corinthian

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The U.S. Department of Education apparently has revised its July 1 deadline to reach an agreement with Corinthian Colleges on a plan to sell or close the for-profit chain's 107 campuses and online programs.

Corinthian is facing a severe cash crisis, due in part to a freeze the department last month put on …

Fallen Giant

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The Obama administration now can claim partial credit for the demise of one of the largest for-profit college chains. And both critics and supporters of the sector expect the federal scrutiny to continue.

“I have no reason to be optimistic about an era of constructive collaboration,” said Steve Gunderson, president and CEO of …

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