The For-Profit College Scam
This spring, around 100 indebted college grads came up with a novel strategy for dealing with their crushing debt: They simply weren’t going to pay it.
These students — the so-called “Corinthian 100″ — attended schools owned by the now-defunct for-profit education conglomerate Corinthian Colleges.
With over 100 campuses in the United States and Canada, Corinthian’s schools — including Everest and Heald College campuses, among others — offered “career-oriented” degrees in fields such as nursing, business, criminal justice, and information technology.