Too Big–and Too Awful–to Fail
The Department of Education and Corinthian Colleges have been engaged in extended negotiations over how the for-profit corporation will either shut down or scale down its various entities, including the Everest University, WyoTech, and Heald College chains. The government actions against Corinthian Colleges came after the Harkin Report highlighted Corinthian’s extraordinarily high student-loan default rate,…