Senators: Corinthian should stop new enrollments

Senators: Corinthian should stop new enrollments

Credit: Getty Images

SAN FRANCISCO, CA - OCTOBER 10: California Attorney General Kamala Harris points to a map as she speaks during a news conference on October 10, 2013 in San Francisco, California. Harris announced the filing of a lawsuit against the for-profit Corinthian Colleges and its subsidiaries for alleged false advertising, securities fraud, intentional misrepresentations to students and the unlawful use of military insignias in advertisements. Santa Ana, California-based Corinthian Colleges operates 111 total campuses in North America with 24 Heald, Everest and WyoTech colleges in California that have an estimated 27,000 students. (Photo by Justin Sullivan/Getty Images)

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by ASSOCIATED PRESS

khou.com

Posted on June 26, 2014 at 4:13 PM

NEW YORK (AP) - A dozen U.S. senators, all Democrats, are pushing for Corinthian Colleges Inc. to stop accepting new students in a letter to the Department of Education.
   
Corinthian owns the Everest College, Heald College and WyoTech schools and has about 75,000 students.
   
The Education Department this week worked out a deal with Corinthian that gives it $16 million in federal student aid funds to keep the company running as it figures out a plan to sell or close many schools over the next six months.
   
Santa Ana, California-based Corinthian had warned last week that it could go out of business after U.S. regulators limited its access to federal funds. The government is scrutinizing the company over allegations that it altered grades, student attendance records and falsified job placement data used in ads.

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