Corinthian Abruptly Shuts All Campuses, in Mid-Semester

Way to go! Many students were just weeks away from graduation.

Corinthian Abruptly Shuts All Campuses, Ending College for 16,000

Quote:

Corinthian Colleges Inc. shut down its remaining 28 for-profit career schools, ending classes for about 16,000 students, in the biggest collapse in U.S. higher education. All campuses will be closed effective Monday, Corinthian said in a statement Sunday. The company, which owns the Everest, Heald and WyoTech schools, said it will work with other colleges to try to place the students. Corinthian collapsed last summer after the U.S. Education Department curtailed its access to federal student aid. The Santa Ana, California-based company agreed to sell half of its 107 campuses to Education Credit Management Corp. in November amid allegations that it falsified grades, attendance and job-placement rates.

Sunday’s abrupt closure of Corinthian Colleges – including Heald in Rancho Cordova and Roseville – shocks students

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Some were only weeks away from graduation. Others were just beginning their quest for a higher degree. But on Sunday, scores of Heald College students in Roseville, Modesto and statewide were left feeling bitter and bewildered at finding their campuses would immediately close. That news came following an announcement by parent company Corinthian Colleges that it would shutter all 28 of its remaining campuses, rounding out months of trouble for the for-profit college giant. “I went to school all week, just like normal, and I thought (Monday) would be just another regular day,” said Maria Mejia, 45, who was 10 weeks away from completing her medical office administration degree at Heald College’s campus in Modesto. “I still have homework due for tomorrow. I keep thinking what am I going to do? ... If I show up to class tomorrow, are the doors going to be locked?”

And is it just Corinthian or should all for-profit colleges be viewed with suspicion?

Recently John Oliver did a good segment on them that made me think that students who go to these places are being overcharged and getting an inferior value for their money. After watching it, it seemed to me like the situation with these for-profit colleges is even worse than I had imagined it to be. Many of the students end up with crushing debt burdens, but not very good employment prospects. Well worth watching IMO:

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