EDUCATION DIVE: California lawsuit threatening Corinthian sale

Career College Central Summary:

  • Corinthian Colleges Inc. says a lawsuit by California Attorney General Kamala Harris — and her decision to make any future buyers liable for its outcome — is limiting California campuses’ marketability.
  • Inside Higher Ed reports that the for-profit education company needs to find a buyer in the next several weeks or it could close its California campuses, displacing current students and leaving the federal government on the hook for their student loans.
  • The U.S. Department of Education is still deciding how to proceed with Corinthian if it doesn’t find a buyer because Under Secretary of Education Ted Mitchell already told lawmakers it wouldn’t be allowed to continue operating indefinitely, according to the article.

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