Corinthian Colleges Calling It Quits

anon456, BSN, RN · Apr 26, 2015

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.

elkpark · Apr 26, 2015

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.

anon456, BSN, RN · Apr 26, 2015

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.

caliotter3 · Apr 26, 2015

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.

JoseQuinones · Apr 27, 2015

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.

Mavrick, BSN, RN · Apr 27, 2015

"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.

caliotter3 · Apr 27, 2015

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?

Not_A_Hat_Person, RN · Apr 27, 2015

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.

caliotter3 · Apr 27, 2015

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.

elkpark · Apr 27, 2015

"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?

JoseQuinones · Apr 27, 2015

I hope that University of Phoenix is next. What a creepy outfit.