Corinthian Colleges, until recently one of the country’s largest for-profit higher education chains, filed for chapter 11 bankruptcy this year, one week after shutting down its remaining campuses. This marks the climax of the collapse of the company that was once praised on Wall Street for its profitable model of offering degrees to low-income students who took out heavy student loans from the government to pay the cost of their tuition. Corinthian Colleges
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