Corinthian Colleges Closes Its Doors

Corinthian Colleges officially went out of business today. It was once one of the country’s biggest for-profit college chains. But now, the Santa Ana-based Corinthian Colleges has shut down its remaining two dozen campuses. Corinthian owned Everest College, WyoTech, and Heald College schools. The company gave almost no warning to the nearly 16,000 students affected by the closures. And it was already in big trouble before today. Corinthian had been accused of falsifying job placement rates by the federal Department of Education, and was under investigation in several states. We learn more about its troubled history and what former students are struggling with.