Corinthian Colleges closes all of its for-profit schools
Just weeks after being hit with a $30 million fine from the U.S. Department of Education, Corinthian Colleges has closed all 28 of its remaining schools. The department had fined for-profit Corinthian for providing students with false job placement rates.
Corinthian announced the closure on Sunday in a statement and an email to its 16,000 students. According to NBC News, Corinthian's closure marks the "biggest shutdown in the history of higher education in the United States."
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