Monday, April 27, 2015

For-profit college operator Corinthian Colleges is shutting its doors

In the news:

For-profit college operator Corinthian Colleges said it would immediately shut down all its remaining campuses and cease substantially all other operations.

Increased regulation has hurt for-profit education companies such as Corinthian, Apollo Education Group Inc., and Strayer Education Inc., which have struggled to attract students since a 2010 government crackdown revealed high student debt loads, low graduation rates and poor employability of graduates.

Can anyone think of another academy that offers high student debt loads and low employability, the latter in some cases worse than before they matriculated? Nope, me neither.

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