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Federal Crackdown Puts Corinthian Colleges’ Future In Doubt

19 June 2014 7 views No Comment

“The Department of Education has tightened its financial oversight of the already hobbled Corinthian Colleges Inc. The action, on top of the company’s existing cash-flow shortages and its failed attempts to date to borrow more money, could mean the 77,000-student higher-education company would be ‘unable to continue as a going concern,’ Corinthian revealed on Thursday,” The Chronicle of Higher Education reports.

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