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Founded in 1995,Corinthian Colleges, Inc. (CCi) (NASDAQ: COCO) is one of the largest post-secondary education companies in North America. Its total student population has declined from 87,250 to 77,584, a decrease of 11.1% year over year. CCi generates more than $1.7 billion in annual revenue; about $1.4 billion comes from federal government. Corinthian Colleges reportedly has 15,200 employees, including 6,000 faculty, however, the organization has been downsizing its labor force as new enrollments decline.
CCi offers career-oriented diploma and degree programs in health care, business, criminal justice, transportation technology and maintenance, construction trades, and information technology. CCi has 111 Everest, Heald and WyoTech campuses and also offers degrees online.
Corinthian Colleges is currently under investigation by the Securities and Exchange Commission, the Consumer Financial Protection Bureau, and thirteen states attorneys general, including the California Attorney General. 
According to (California Attorney General) Harris’ complaint, CCI’s predatory marketing efforts specifically target vulnerable, low-income job seekers and single parents who have annual incomes near the federal poverty line. In internal company documents obtained by the Department of Justice, CCI describes its target demographic as “isolated,” “impatient,” individuals with “low self-esteem,” who have “few people in their lives who care about them” and who are “stuck” and “unable to see and plan well for future.” It is alleged the schools targeted people meeting these targets through aggressive and persistent internet and telemarketing campaigns and through television ads on daytime shows like Jerry Springer and Maury Povich. John C. Huesten, a former prosecutor against Enron, is leading the crisis management team to defend Corinthian Colleges. The State's case against Corinthian Colleges is currently being adjudicated in the San Francisco County Superior Court, as case number CGC 13 534793 . 
On January 24, 2014, the Iowa Attorney General's office notified Corinthian Colleges that it is leading an investigation by thirteen states (Arkansas, Arizona, Connecticut, Idaho, Iowa, Kentucky, Missouri, Nebraska, North Carolina, Oregon, Tennessee, Washington and Pennsylvania) into the Corinthian College's business practices. 
Corinthian Colleges receives more than 80% of its funds from the US government, excluding monies received through the US Departments of Defense and Veterans Affairs. 
Senator Dick Durbin (D-Ill.) has called on the Accrediting Commission of Career Schools and Colleges—CCI's accreditor---to take action against CCI and its business practices. Durbin stated "...your Commission can no longer ignore the misleading, fraudulent, or deceptive behavior on the part of Corinthian and its subsidiaries. Your credibility is on the line."
- 1 Everest College
- 2 Everest Institute
- 3 Everest University
- 4 Everest Online
- 5 Everest-Canada
- 6 Heald College
- 7 WyoTech
- 8 Accreditations
- 9 Legal proceedings
- 10 High student loan default rate
- 11 Historic names
- 12 References
- 13 External links
Everest College campuses are located throughout the United States and Canada. These colleges offer diploma and/or Associate degree programs in health care, business, and/or computer technology. The diploma programs are short-term, and may be completed in 3 months to over 1 year. The Associate degree programs takes 2-years to complete.
As of January 2008, there are 27 Everest Institute campuses located in the United States. Everest Institute campuses primarily offer diploma programs in health care and business, however several schools offer programs in computer technology, electronics, and heating, ventilation and air conditioning.
Everest University offers Associate, Bachelor, and Master degree programs in business, accounting, criminal justice, paralegal, and health care. Everest University also offers diploma programs in the health care field. There are ten Everest University campuses across Florida. Formerly known as Florida Metropolitan University (FMU).
EverestOnline.edu, (EUO) is headquartered in Tampa, Florida. EOU offers online degree programs through Everest University. Online degree programs include: Associate degrees in: Accounting, Business, Computer Information Science, Criminal Investigations, Criminal Justice, Homeland Security, and Paralegal; Bachelor degrees in: Accounting, Computer Information Science, Criminal Justice, Business, Homeland Security, Paralegal; Master's Degrees in: Business Administration and Criminal Justice.
The Everest campuses in Ontario, Canada offer students diploma programs in Business, Health Care, and Technology. Popular diploma programs include: Business Administration, Legal Administrative Assistant, Network Administration, Massage Therapy, etc. These career training programs provide students short-term diploma programs to help students prepare for their chosen career field. They have an email, chat, or phone helpdesk to provide students with technical help. Each student also is paired with a Student Coordinator to assist with problems like receiving textbooks or online harassment, to making sure you are doing well in life and in school.
Heald offers Associate degrees in the Applied Sciences and Associate of Arts degrees, diplomas or certificate, in 34 fields. Heald College has regional accreditation from the Western Association of Schools and Colleges.
In November 2009, Corinthian Colleges, Inc., purchased Heald College parent company for $395 million, simultaneously announcing plans to begin offering online-only courses in 2010, leading to degree programs based entirely on online-only coursework. However, Corinthian planned to retain the Heald name, as well as its faculty and staff.
WyoTech offers college-level, career-oriented education in the automotive, diesel, motorcycle, marine, HVAC, and plumbing fields. The six WyoTech campuses are located in Blairsville, Pennsylvania; Daytona Beach, Florida; Fremont, California; Laramie, Wyoming; Sacramento, California, and Long Beach, California.
Regional accreditation, not national accreditation, is usually used as the benchmark for academic legitimacy.
In 2006, an arbitration process ruled in favor of Florida Metropolitan University / Everest, and a lawsuit regarding transfer of credits dating back to 2004 was dismissed. The lawsuit was ultimately sent to arbitration and dismissed. In August 2007, an investigation of company practices was closed by the State of Florida with no fines, penalties or findings of wrongdoing. An Act of Voluntary Compliance was issued that found that FMU/Everest does participate in the Florida Statewide Course Numbering System to facilitate the transfer of eligible credits to other institutions.
Bryman College was sued in April 2005 by fourteen of its students at its Tacoma, Washington campus. They claimed they did not receive proper training for their careers in medical assistant program, that they were misled about the program’s accreditation status, their eligibility to take a national certification exam, the transferability of their credits and the availability of internships.
A class action suit has been filed against Corinthian Colleges, Inc. and its wholly owned subsidiary Corinthian Schools, Inc. in Santa Clara Superior Court on behalf of graduates of the Medical Assistant vocational programs offered by Bryman College, which was renamed Everest College. The lawsuit alleges Bryman staff made deceptive statements to prospective and current students related to employment success, in order to induce them to enroll and stay enrolled in their medical training programs.
State of California lawsuits
In July 2007, Corinthian Colleges agreed to pay $6.5 million to settle a lawsuit alleging that the chain engaged in unlawful business practices by exaggerating its record of placing students in well-paying jobs; the amount included $5.8 million in restitution to students as well as $500,000 in civil damages and $200,000 in court costs. In 2013, the state again sued Corinthian Colleges and charged them with "false and predatory advertising, intentional misrepresentations to students, securities fraud and unlawful use of military seals in advertisements."
"According to (California Attorney General) Harris’ complaint, CCI’s predatory marketing efforts specifically target vulnerable, low-income job seekers and single parents who have annual incomes near the federal poverty line. In internal company documents obtained by the Department of Justice, CCI describes its target demographic as “isolated,” “impatient,” individuals with “low self-esteem,” who have “few people in their lives who care about them” and who are “stuck” and “unable to see and plan well for future.” It is alleged the schools targeted people meeting these targets through aggressive and persistent internet and telemarketing campaigns and through television ads on daytime shows like Jerry Springer and Maury Povich."[
In response to the complaint, Corinthian Colleges in November 2013 issued a statement noting that the California Attorney General is “wrongly accusing our schools of inflating job placement statistics for our graduates.” It went on to state that the California Attorney General’s complaint is “a document built on a foundation of misquoted, deceptively excerpted and—at best—misunderstood materials.” Corinthian indicated that the company planned to “vigorously defend the integrity of the work we do for our students and graduates.” 
Federal investigation in the United States
In June 2013, Corinthian disclosed that it is under investigation by the Securities and Exchange Commission (SEC). In November 2013, the US Consumer Financial Protection Bureau reported that they were investigating Corinthian Colleges.  ] In December 2013, CCi received a “Notice and Opportunity to Respond and Advise” letter from the CFPB, informing the company that the bureau is considering legal action against the company over its private student lending program. CCi responded by stating “We believe that our acts and practices relating to student loans are lawful and that our lending program is essential to many students.” The company also explained that the loans offered under the program are “modest in size and have reasonable interest rates,” and that the loans allow many students to attend college who otherwise would not have the opportunity to do so. The average loan amount per borrower is $4,700 and the average annual interest rate is 8.5 percent and the maximum rate is 9.9 percent. Loans are only offered to students who have a gap between their educational costs and the available financial aid from all other government and personal sources. 
CCi is awaiting the outcome of regulatory investigations by the SEC and state prosecutors. It is facing a downturn in enrollment. Its stock price is depressed. Corinthian Colleges is under investigation by several states attorneys general for deceptive advertising and other fraudulent acts.  
In October 2007, U.S. Department of Education investigators seized records at several Florida campuses of for-profit colleges, including Corinthian's National School of Technology in Fort Lauderdale, Florida, as well as Florida Career College in Lauderdale Lakes, Florida and Pembroke Pines, Florida. A spokesperson for the Department of Education's inspector general told news media the agency was seeking to "identify waste, fraud and abuse of federal education dollars."
High student loan default rate
Corinthian's draft three-year cohort default rate from the U.S. Department of Education was 19 percent for the federal fiscal year ending September 30, 2010.
A February 2011 Los Angeles Times article details numerous instances where Corinthian College graduates went deeply in debt with student loans for coursework that didn't lead to high paying careers promised by the college's career counselors. 
- American Motorcycle Institute
- Ashmead College (Oregon and Washington)
- Blair College (Colorado Springs, Colorado)
- Bryman College
- Bryman Institute
- CDI College
- Las Vegas College
- Duff's Business Institute (Pittsburgh, Pennsylvania)
- Georgia Medical Institute
- Kee Business College
- National Institute of Technology (NIT)
- National School of Technology (NST)
- Olympia Career Training Institute
- Olympia College
- Parks College[disambiguation needed]
- Rochester Business Institute
- Tampa College
- Western Business College
- Everest College Phoenix Accreditation
- List of Everest Campus Accreditations
- A Battle Over Standards At For-Profit Colleges Wall Street Journal, October 3, 2005, by John Hechinger
- Bad Education Orlando Weekly, April 4, 2005, by Jeffrey C. Billman
- Corinthian Colleges Reports Favorable Arbitration Award in Satz Case - Arbitrator Finds in Favor of Company on All Counts, U.S. News and Reports, January 23, 2006, Edited by Christopher Simmons
- State Looking Into FMU Practices Tampa Bay Tribune, by Thomas W. Krause, December 30, 2005.
- Students sue Bryman College, The News Tribune, April 12, 2005]
- "Class Action Suit Filed Against Corinthian Colleges, Inc. on Behalf of Medical Assistant Program Students Suit Alleges Unfair Business Practices Including Misleading Statements About Employment Opportunities and Potential Starting Salaries". CBS Market Watch. March 12, 2008. Retrieved 2008-03-12.
- Corinthian to pay $6.5 million
- "Attorney General Kamala D. Harris Files Suit in Alleged For-Profit College Predatory Scheme". State of California Attorney General. October 10, 2013. Retrieved October 11, 2013.
- Goldie Blumenstyk (October 11, 2013). "Calif. Accuses Corinthian Colleges of False Placement Rates, Predatory Ads". The Chronicle of Higher Education. Retrieved October 11, 2013.
- Corinthian Colleges School Is Latest Florida Campus to Be Scene of Federal Raid, The Chronicle of Higher Education, October 17, 2007
- Colleges Raided In Federal Investigation, Local6.com (TV news), October 18, 2007
- 3 Fla. College Campuses Raided in Probe, Associated Press, Brian Skoloff, October 18, 2007[dead link]
- Hamilton, Walter (February 6, 2011). "For-profit colleges face federal crackdown". Los Angeles Times.