The U.S. Department of Education is questioning the "financial responsibility" of Corinthian Colleges based on the department's interpretation of the for-profit's estimated intangible assets, according to a corporate filing. If not resolved, the matter could lead to Corinthian losing its eligibility to participate in federal financial aid programs. The company said in a statement that it disagrees with the department's revised take on its assets. Representatives from Corinthian and the department will meet soon to discuss the issue.
- Guaranty agency buys most of crumbling for-profit Corinthian Colleges in U.S.
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- U.S. attorney subpoenas Corinthian records on graduation rates, defaults
- Education Department reviews its monitoring of large for-profits in wake of Corinthian collapse
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