February 23, 2015
Further developments in the collapse of Corinthian Colleges:
- Canadian authorities have shut down the 14 Corinthian institutions in Canada, finding that they no longer had the right to be licensed in the country. Bloomberg reported that officials said the action was needed to protect current and prospective students.
- Heald College campuses in California (which are part of Corinthian) on Friday received a partial reprieve from the California Student Aid Commission, which a week earlier had blocked their students from receiving state aid, The Sacramento Bee reported. Under the compromise, the ban will continue through at least April, but if students are able to finish the semester, their aid may be provided in a lump sum at that time.
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