| Industry | Education |
|---|---|
| Founded | February 1995 |
| Founders |
|
| Defunct | April 27, 2015 |
| Fate | Ceased operations |
Areas served | United States, Canada |
| Website | Archived April 27, 2015, at the Wayback Machine |
Corinthian Colleges, Inc. (CCi) was a for-profit post-secondary education company in North America. Its subsidiaries offered career-oriented diploma and degree programs in health care, business, criminal justice, transportation technology and maintenance, construction trades, and information technology.[1] A remnant of the schools was owned by ECMC under the Altierus Career College brand until the last three campuses were closed in 2022. [2]
At its peak, CCi operated over one hundred Everest, Heald and WyoTech campuses throughout the United States and Canada.[3] The Los Angeles Times framed Corinthian Colleges as a collection of "castoff" schools that were taken over by Wall Street investors in 1999.[4]
Corinthian closed their campuses in Canada on February 19, 2015, after the Ontario government suspended their operating license. On April 26, 2015, following a series of legal challenges by state and federal agencies, Corinthian Colleges announced that they would cease operations at all remaining United States locations. The closure affected more than sixteen thousand students and employees.[5] Having been extensively investigated for fraudulent behavior by several jurisdictions, Corinthian Colleges, Inc. and twenty-four of its subsidiaries filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware on May 4, 2015.[6] In June 2022, the U.S. Department of Education announced that it would cancel $5.8 billion in federal student loan debt for 560,000 students who attended Corinthian.[7][8]
- ^ "History of Corinthian Colleges Inc". Cci.edu. Archived from the original on November 5, 2014. Retrieved November 14, 2014.
- ^ Lederman, Doug. "ECMC to Close Its 3 Altierus Career College Campuses". www.insidehighered.com. Inside Higher Education. Retrieved December 11, 2022.
- ^ "Corinthian Colleges Inc. - North America Campus Locations". Cci.edu. Archived from the original on November 4, 2014. Retrieved November 14, 2014.
- ^ Robinson-Jacobs, Karen (September 15, 2003). "Operating Career College Lucrative Vocation for CEO". Retrieved June 9, 2018 – via LA Times.
- ^ Accessed February 22, 2022, https://web.archive.org/web/20151101151009/https://www.theglobeandmail.com/news/national/education/ontario-suspends-everest-college-operations-over-financial-concerns/article23107111/
- ^ "For-profit Corinthian Colleges files for bankruptcy". Washington Post. ISSN 0190-8286. Retrieved June 2, 2022.
- ^ Lobosco, Katie (June 1, 2022). "Biden administration cancels $5.8 billion in student loan debt for former Corinthian students". CNN. Retrieved June 2, 2022.
- ^ Richards, Zoë (June 1, 2022). "Education Department to cancel $5.8B in debt for students of Corinthian Colleges". NBC News. Retrieved June 2, 2022.