Washington Post: Why the Obama Administration is Letting a Debt Collector Run Failing For-Profit Schools

"The fallĀ of for-profit giantĀ Corinthian College has raised questions about the future of the industry and the role the government plays in supporting these controversial schools. Clouded by allegations of deceptive marketing and lying to the government about its graduation rates, Corinthian lost its access to federal funds earlier this year, forcing the company to sell or close its schools. Then in November, an unlikely savior appeared."

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