I just came across the following description of the closing of Corinthian Colleges, written in May 2015 by Lawrence Biemiller for The Week:
In classical architecture, Corinthian is the most elaborate of the orders, recognizable by the acanthus leaves carved into column capitals. In higher education, however, Corinthian is a company accused by state and federal regulators of being, basically, an elaborate scheme for soaking up student-aid money, with a commitment to educating students that was uneven at best.
Last week what remained of Corinthian’s edifice crumbled when four of its subsidiaries closed abruptly–Everest College, Everest Institute, Heald College, and WyoTech–and some 16,000 students at 28 campuses, mostly in Western states, found themselves with no classes to attend. The company, which had previously closed its other campuses after coming under intense federal scrutiny, said it had hoped to sell the remaining outlets but couldn’t do so…
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