Federal and state investigators have long viewed Corinthian, based in Santa Ana, as one of the most problematic players in the troubled for-profit college industry, which has come under scrutiny for predatory marketing. The student loan pipeline fueled the company’s rapid enrollment growth, peaking at more than 110,000 students in 2010. Corinthian charges students up to 10 times the cost of a comparable community college education. That requires many of them to take on more debt than they can repay — leaving taxpayers on the hook for mass defaults.

Read full article [here].
by Chris Kirkham, The Los Angeles Times.

Posted: July 16th, 2014, by: admin. Categories: . Awaiting Comments.