Corinthian Colleges Calling It Quits

  1. The Associated Press announced that Corinthian Colleges will shut down all of its 28 remaining campuses in the wake of the $30 million fine levied by the US Dept. of Education less than two weeks ago.

    Corinthian Colleges to Shut Down All 28 Remaining Campuses


    (Sorry, the link did not post directly to referenced story, link under US headlines)

    Link corrected. Karen
    Last edit by NRSKarenRN on Apr 27, '15 : Reason: edited title and link
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  2. 38 Comments

  3. by   anon456
    I saw this in the news today and know it will affect many nursing students in several states! I don't believe those credits transfer to other programs, either. So sad for all the students.

    Corinthian Colleges to shut down more than two dozen remaining schools - LA Times


    Sunday's announcement by Corinthian will be effective Monday at its 13 remaining Everest College and WyoTech campuses in California, along with 10 Heald College campuses in California, Hawaii and Oregon. Other campuses that will close include Everest College Phoenix, Everest College Tempe and Everest Institute in Rochester, N.Y.
  4. by   elkpark
    Well, that's good news! One down; how many more to go? I'd love to see all the proprietary schools go out of business or get shut down.
  5. by   anon456
    Oops I just posted this in the News section. It has not been approved yet to show up. I feel sad for the students whose dreams are now broken, who put in some much time/money for nothing. I'm not sure their credits will transfer, either.
  6. by   caliotter3
    One on the corner of the block where I live. Won't be seeing all those students on their lunch breaks any longer. I've always been tempted to make some kind of remark to these young people when I see them. There are five or six other chains that runs ads all over the local media. I am sure they will benefit from the demise of the Corinthian schools.
  7. by   JoseQuinones
    Nothing sadder than to see these kids going to these unaccredited garbage for profit schools, only to graduate and find their degrees are worthless and with a lot of debt. It only reinforces their sense of victimhood and helplessness.

    Of course, the last time I walked past my local one, there was a group of students out front passing around a joint on a busy sidewalk at 1:30 in the afternoon.
  8. by   Mavrick
    "Students attending a school that shuts down suddenly, as in this case, are typically eligible for a full discharge of student loan debt." Quoted from the article.

    Sure hope so.
  9. by   caliotter3
    The local supplier on my block stands in front of the last apartment building on the opposite end of the block, although he has started making his way in the direction of the Everest school of late. His business has been somewhat modified since the "medical" "joint" (in the business name) purveyor closed recently. Less "medical" marijuana supply channels, less medical assistant mills. What are we coming to?
  10. by   Not_A_Hat_Person
    Quote from anon456
    Oops I just posted this in the News section. It has not been approved yet to show up. I feel sad for the students whose dreams are now broken, who put in some much time/money for nothing. I'm not sure their credits will transfer, either.
    Fortunately, students who are unable to finish a course of study because their college closes can have their student loans forgiven.
  11. by   caliotter3
    Quote from Not_A_Hat_Person
    Fortunately, students who are unable to finish a course of study because their college closes can have their student loans forgiven.
    Perhaps a good outcome if these students wise up and don't pursue substitute worthless programs at the next proprietary school around the corner.
  12. by   elkpark
    Quote from Mavrick
    "Students attending a school that shuts down suddenly, as in this case, are typically eligible for a full discharge of student loan debt." Quoted from the article.

    Sure hope so.
    I'm sorry to hear that -- why should the students get a free pass on loans they took out in good faith and agreed to pay back? Maybe they should have thought this through and done some further research before they got suckered by the "school." What lesson do they learn if they get magically bailed out?
    Last edit by elkpark on Apr 27, '15 : Reason: fixed typo
  13. by   JoseQuinones
    I hope that University of Phoenix is next. What a creepy outfit.
  14. by   caliotter3
    I heard on the radio this morning that students who were at Corinthian schools when the first part of the school "problem solution" was initiated last year (or 2013, not sure of date) when they originally closed many of their school campuses, are not going to have their government student loans forgiven.

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