INSIDE HIGHER ED: The Hidden Force in For-Profit Closures

The messy unwinding of Corinthian Colleges was an unprecedented dance among various actors: the U.S. Department of Education, state attorneys general, the Consumer Financial Protection Bureau and buyers like ECMC’s Zenith Group — not to mention members of Congress and student and consumer groups.

But another, far less visible, entity also had a strong interest in and influence on the outcome: Bank of America and a handful of other banks.


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