Giant College Chain Fined $30 Million

Los Angeles — U.S. Department of Education dealt a $30 million fine Tuesday to California-based Corinthian Colleges Inc., a for-profit college operator that has been on the brink of collapse following a federal crackdown last year. The Education Department said Corinthian misrepresented job placement rates to students in its Heald College system, which operates campuses in California, Hawaii and Oregon. Placement rates often play a...

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