Students at a local college got a rude awakening Sunday after Corinthian Colleges announced it will be closing all of its remaining 28 campuses, displacing 16,000 students.
Heald College in Fresno informed its students via e-mail that the institution would be shutting down unexpectedly.
The news came less than two weeks after the U.S. Department of Education announced it was fining Corinthian Colleges $30 million for misrepresentation. Corinthian was one of the country’s largest for-profit educational institutions. It collapsed last summer amid a cash shortage and fraud allegations.
The Education Department contends that Corinthian failed to comply with requests to address allegations of falsifying job placement data and altering grades and attendance records. It agreed to sell or close its campuses under pressure from the department.
