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Corinthian Colleges Inc

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  • Corinthian Colleges to shed most of its schools Thursday, 20 Nov 2014 | 12:12 PM ET

    NEW YORK— Corinthian Colleges will sell most of its campuses in the midst of several investigations and lawsuits by federal and state regulators. Regulators have said that Corinthian Colleges Inc. falsified job placement data and pushed students to take expensive private student loans. The Consumer Financial Protection Bureau is seeking more than $500...

  • Corinthian Colleges to sell 56 campuses to ECMC Group Thursday, 20 Nov 2014 | 10:25 AM ET

    Nov 20- Corinthian Colleges Inc said it would sell 56 campuses under its Everest and WyoTech brands to non-profit education provider ECMC Group Inc as part of an agreement with the U.S. education department. The sale of the assets will raise $24 million, half of which will go to the education department under a deal Corinthian signed with the department in July in...

  • Corinthian Colleges gets notice from Nasdaq Wednesday, 19 Nov 2014 | 8:57 AM ET

    SANTA ANA, Calif.— Corinthian Colleges Inc. has received notice from Nasdaq that it is no longer in compliance with listing requirements after failing to file its fiscal first-quarter financial report on time. Corinthian said at the time that the U.S. Department of Education had limited its access to federal funds after it failed to provide documents and other...

  • WASHINGTON, Nov 6- A group representing for-profit colleges on Thursday filed a lawsuit against the Obama administration's new gainful employment rules that aim to protect students from lackluster degrees and huge debt loads. The Association of Private Sector Colleges and Universities, representing 1,400 institutions, filed the suit at the U.S. District...

  • Oct 30- The U.S. Department of Education will introduce new regulations next year in its latest attempt to improve the job prospects of those graduating from for-profit colleges and universities. "They dropped the cohort default so people say it's less bad than it was three months ago," Steve Gunderson, chief executive of the Association of Private Sector...

  • Oct 30- The U.S. Department of Education will introduce stricter regulations next year in its latest attempt to improve the job prospects of those graduating from for-profit colleges and universities. For-profit institutions, including Apollo Education Group Inc, Corinthian Colleges Inc and DeVry Education Group Inc, have been struggling to attract new...

  • *Q2 new enrollments fall 8.1 pct vs forecast of 10-15 pct. Oct 17- ITT Educational Services Inc said an increase in scholarships helped it sign up more students than previously forecast in the quarter ended June, offering some relief to the struggling U.S. for-profit education sector. Shares of other for-profit education providers, including Corinthian...

  • Oct 17- ITT Educational Services Inc said it signed up more students than it forecast in the quarter ended June 30, more than doubling its market value and offering some relief to the U.S. for-profit education sector. The data, the first from ITT since May, drove up shares of other for-profit colleges including Corinthian Colleges Inc, which also nearly doubled.

  • Sept 19- For-profit college operator ITT Educational Services Inc disclosed on Friday that it may face civil charges by the U.S. securities regulator following investigations related to two private education loan programs for its students.

  • Sept 16- For-profit education companies Education Management Corp and Corinthian Colleges Inc said they would not be able to file their annual reports on time.

  • WASHINGTON, Sept 16- The U.S. consumer finance watchdog on Tuesday sued Corinthian Colleges for alleged predatory lending, saying that the for-profit institute lured students into taking out private student loans by touting "bogus" job prospects and using illegal debt-collection methods.

  • WASHINGTON, Sept 16- The U.S. consumer finance watchdog on Tuesday sued Corinthian Colleges for alleged predatory lending, saying that the for-profit institute lured students into taking out private student loans by touting "bogus" job prospects and using illegal debt-collection methods.

  • COLUMN-What to do when your college shuts down Monday, 8 Sep 2014 | 5:00 AM ET

    LOS ANGELES, Sept 8- The collapse of Corinthian Colleges Inc. and the abrupt shutdown of several other for-profit campuses this year have left tens of thousands of students wondering about the future of their education- and their debt.

  • Corinthian Colleges Inc is the first university operator in the United States to feel the force of a government crackdown on the $28 billion for-profit education sector. As part of an agreement with the Department of Education- the same deal to which Wickiser's login page made reference- Corinthian has six months to sell most of its campuses or close them down.

  • July 4- Corinthian Colleges Inc said late on Thursday that it had reached a deal with the U.S. Department of Education to sell most of its 107 campuses and wind down others, underscoring some of the struggles facing for-profit colleges across the country. Last month the company said it was receiving $16 million in federal aid from the Department of Education.

  • June 23- Corinthian Colleges Inc said it would receive $16 million in federal aid from the U.S. Department of Education that would prevent the for-profit education provider from a cash shortfall.

  • June 23- Corinthian Colleges Inc said it reached an agreement with the U.S. Department of Education that would prevent the for-profit education provider from having a cash shortfall.

  • June 23- Corinthian Colleges Inc said it reached an agreement with the U.S. Department of Education that would prevent the for-profit education provider from having a cash shortfall.

  • *Department of Education raises financial oversight. June 19- For-profit education provider Corinthian Colleges Inc said Its ability to continue as a going concern was in jeopardy after the U.S. Department of Education extended the waiting period to draw down federal student aid funds.

  • June 19- Corinthian Colleges Inc, a U.S. for-profit education provider, said it may not be able to continue as a going concern after the Department of Education delayed some reimbursements related to a student loan program.