For profit college scrutiny raising

[Harry]

Troubled for-profit higher education company Corinthian Colleges will close its remaining 28 campuses and end classes for about 16,000 students nationwide, company officials announced Sunday.

The college chain, which has drawn regulators sanctions, sold 56 of its Everest and WyoTech campuses and gradually shut down 12 others in a deal with nonprofit career training program Zenith Education Group, a subsidiary of nonprofit higher education finance company ECMC, Corinthian officials said in a statement.

But Corinthians shutdown, effective Monday, closed its last Everest and WyoTech campuses in California, Arizona and New York, and Heald Colleges locations in California, Hawaii and Oregon, according to Corinthian.

The U.S. Department of Education slapped the company with a $30 million fine April 14 after uncovering serious misrepresentation of job placement success rates for students in the companys Heald campuses, agency officials admitted in a statement.

http://www.nydailynews.com/news/national/for-profit-higher-ed-chain-corinthian-colleges-shuts-article-1.2200170

[Quoner]

Met several campus leaders in their schools as well as corporate staff through a project a few years ago and...yeah...this is way overdue. Not everyone involved was terrible or in it for the wrong reasons, but between that, some limited exposure to the trade association that binds the for-profit community as well as some of the lobbyists, it was a disheartening experience to say the least.

[Harry]

Met several campus leaders in their schools as well as corporate staff through a project a few years ago and...yeah...this is way overdue. Not everyone involved was terrible or in it for the wrong reasons, but between that, some limited exposure to the trade association that binds the for-profit community as well as some of the lobbyists, it was a disheartening experience to say the least.

Good to hear I am not the only one. I'm all for alternative ways of getting a degree, but many of them are taking advantage of the tax code and not delivering on the promises.