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Corinthian shutdown: What it means for students
Corinthian shutdown: What it means for students

Corinthian Colleges Inc., a Santa Ana company that was once one of the nation's largest for-profit college chains, announced that it is shutting down its remaining two dozen schools effective Monday — a move that leaves 16,000 students scrambling for alternatives. What colleges did Corinthian own? The company owned three main brands: Everest College, WyoTech and Heald College. What went wrong? Corinthian has been in serious trouble for almost a year, after the U.S. Department of Education last June restricted its access to federal student aid — the source of nearly 85% of its revenue. The department was concerned that its schools were falsifying graduates' job...

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