Friday, May 8, 2015

Corinthian files for bankruptcy - Tara García, Education Dive

Corinthian Colleges Inc. moved into its final chapter this week, filing for bankruptcy. The for-profit college chain listed $19.2 million in assets and $143.1 million in debt on its bankruptcy filings, The Orange County Register reports. Corinthian received $1.4 billion in federal student aid in 2013, before it was forced to sell off most of its 107 campuses and close the rest, according to the article.

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