U.S. Department of Education Press Release: U.S. Department Of Education Supports Nonprofit Education Group’s Intent to Purchase a Majority of Corinthian College Campuses

"The U.S. Department of Education announced its support today of an agreement between ECMC Group and Corinthian Colleges Inc. for ECMC Group’s newly formed nonprofit education entity, Zenith Education Group, to acquire 56 Everest and WyoTech campuses for transition to nonprofit status. While the transaction is now subject to the approval of Department officials, state authorizing agencies and accreditors, the transaction means that nearly 40,000 of Corinthian’s students can continue their education without fear that their school will suddenly close."

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