VES Report: The Corinthian Sale: Lessons Learned & Dealing With Future Challenges

DOWNLOAD

The February 2015 sale of about half of Corinthian campuses to Zenith Education Group—a brand-new subsidiary of the student loan guaranty agency and debt collector ECMC—provides an opportunity to reflect on lessons learned and prepare for the possibility of “future Corinthians.” For students enrolled in troubled for-profit schools who face either their institution’s closure or the fire sale of damaged merchandise to the highest bidder, the fundamental questions are: Should students be able to obtain refunds and start anew because degrees from such institutions are often overpriced and worthless? or Should the Department of Education, as it did in the Corinthian sale, allow students to continue their education with minimal disruption by making every effort to keep predatory, high-cost, low quality schools open?