Corinthian Colleges Inc., a vast education company, based in Santa Ana, that gets $1.4 billion a year in federal aid for 72,000 students – including thousands enrolled at its for-profit Everest, Heald and WyoTech colleges in California – said Thursday that it may be forced to shut down in the wake of a federal investigation, according to the San Francisco Chronicle.
Plagued by complaints that it had falsified student job placement rates, Corinthian Colleges Inc. disclosed Thursday that the Education Department had heightened its financial scrutiny of the company. And it warned that the sanctions may jeopardize cash flow crucial to keeping the company afloat, according to the Los Angeles Times. Continue reading
