
Corinthian operates colleges and training programs under the names Everest College, Heald, WyoTech, and QuickStart Intelligence. This location is in Milwaukee.
It all started in January when the U.S. Department of Education asked the company to provide detailed records, including Social Security numbers, job placement results, and attendance and grade changes, of students. This was part of compliance with federal regulations designed to make sure that colleges that don't offer a good value to students, don't get student aid money.
When Corinthian didn't fully respond, in June, the Department of Education placed a three-week hold on financial aid payments to Corinthian. The cash freeze was a big problem for the college, which had underlying financial difficulties. Inside Higher Ed reported in May that the college faced closing off or selling its business, with both enrollment and revenue slumping.














Comment: It's timely that these colleges are being scrutinized for practices that are clearly not in the best interests of the students. These for-profit colleges receive much of their revenues from federal financial aid: student loans, Pell grants and military educational benefits. Yet students often fare poorly, dropping out in large numbers and defaulting on federal loans at double the rate of their counterparts at public institutions. At the same time the executives of these companies are receiving huge salaries based only on profitability with no link to the success of the student body.
Predatory For-Profit Colleges Pay Executives Based On Corporate Profitability, Not Student Outcomes