Who Benefits from Higher Education — Students or For-Profit Colleges?

Federal and state probes of for-profit colleges have come to a head in Santa Ana, the headquarters of Corinthian Colleges. Amid charges of misrepresentations to low income students, Washington has cut off the pipeline of education loans that keeps the colleges in business. 85 campuses, including all in California, will be sold; 12 will be closed.

Banner Image: Everest College, one of the schools operated by Corinthian Colleges, Inc.; Credit: Jeramy Jannene