Corinthians College Shuts Down

The Corinthians College Closure

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The Corinthians College Closure

“The Corinthians College is one of the largest privately-for- profit colleges located in the United States. It began in 1995 and publicly traded in 2002 on the NASDAQ Exchange. It runs 97 post-secondary colleges in 25 States. In Ontario, a province in Canada, it has 14 Campuses. The post-secondary college offers a wide range of technical courses in the medical field, massage therapy, pharmacy technician, dental assisting, medical insurance billing and coding, medical administration assisting, and surgical technology.

Under the core-company’s name, there lies brand names dividing the campuses into the Everest, Heald and the Wylo Tech. The campuses under the Everest brand name were to shut down, while the other 85 schools that were operating under Heald, and Wylo Tech sold off (Kamenetz & O'Connor, 2014).

Apparently, there are allegations of the school falsifying students’ grades and their attendance. In addition, there is also an issue of falsifying job placement data used to market students in the school. Following all these allegations, the government gave Corinthians 21 days to follow-up; they were unable to give a clean paperwork, and could not comply with the Department’s request concerning the company’s practices (Long, 2014).

However, the Corinthian College has been put on surveillance for reasons of not closing the school immediately. The Department delayed its closure because the Corinthians has 72,000 students, who would be stuck trying to find other institutions to continue with their studies. With that suspension, the Department has given some short period to find buyers to keep most of their programs open and running under new management.

In addition, there is a financial reason for the school to remain open. The students had taken loans from the government; therefore, the school’s immediate closure would mean that, it would...