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Corinthian Colleges, Inc. seeks buyers while continuing to enroll students

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By agreement with the U. S. Department of Education; Everest College which operates as a subdivision of Corinthian College, Inc. has been allowed to seek buyers for its six college campuses in the state of Illinois, while continuing the enrollment process of new students. The campuses are located in Burr Ridge, Bedford Park, Melrose Park, Merrionette Park, North Aurora and Skokie.

On June 26, Senator Durbin of Illinois joined eleven U.S. Senators in calling on the Secretary of Education Arne Duncan to protect students while continuing to hold Corinthian Colleges, Inc. accountable, including immediately prohibiting them from enrolling any new students. Corinthian Colleges, Inc.; is required to provide students with official disclosures and notifications, as to-date this procedure has not been initiated.

In a press release Senator Durbin stated: “Every day, I hear reports that advertising for these schools still remains on television and radio – advertising that, no doubt, has been paid for with federal taxpayer dollars. This is appalling. Students in my state should take note: Everest College can't deliver on its promises. Do not enroll in these schools that are going out of business when there are plenty of good public universities and community colleges that often offer the same or better courses and cost much less.”

The for-profit college is currently under investigation by 20 states, the Consumer Financial Protection Bureau, the U.S. Department of Justice, and the Securities and Exchange Commission after falling to provide data requested by the U. S. Department of Education, which alleges practices of falsifying job placement data used in marketing claims to prospective students, altered grades and attendance. Senator Durbin has also called on the Accrediting Commission of Career Schools and Colleges – Corinthian Colleges, Inc.’s accreditor, requesting action to be taken regarding the matter.