Perhaps you remember Corinthian Colleges. It was the country’s second largest chain of for-profit colleges, before it collapsed into bankruptcy last year amid evidence of phony marketing and predatory loans.
The shenanigans brought investigations from more than 20 state attorneys general and the federal Consumer Financial Protection Bureau.
But the actual emails and testimony underlying the allegations haven’t been public. Until now.
Earlier this week, California’s Attorney General quietly filed thousands of pages of documents and testimony as part of an ongoing lawsuit against Corinthian. We trudged through them and, well, just read the upshots.
Corinthian recruited homeless students and then helped them get federal loans they couldn’t pay back.
Read more at ProPublica: https://www.propublica.org/article/how-a-for-profit-college-targeted-homeless-and-kids-with-low-self-esteem