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Corinthian Colleges' deal with U.S. may result in sold campuses
Corinthian Colleges' deal with U.S. may result in sold campuses

Corinthian Colleges Inc., the troubled Orange County for-profit college corporation, has cut a deal with the federal government that's likely to force the sale of many schools and the closure of others. The agreement keeps the doors open for now at more than 90 schools across the country, but the U.S. Department of Education will have final say over their fate. Santa Ana-based Corinthian has been investigated by the U.S. Department of Education, state attorneys general and other federal regulators for years. The company is accused of falsifying job placement rates and misleading students about financial aid obligations. Students at the company's schools have defaulted on federal loans at...

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