The Department of Education is placing Corinthian Colleges (CCi) on Heightened Cash Monitoring, which will severely impact the company’s ability to meet current financial obligations. The DOE’s actions are based not on any wrongdoing by the company, but are based on the perceived “slow” response time the company has had in response to the DOE’s request for a multitude of information. CCi current employs over 12,000 employees nationwide and serves over 70,000 students, most of whom are lower income students that have a need for government subsidized student loans. By sanctioning our company, the DOE is potentially displacing students from obtaining a degree but leaving them with student loans they can’t repay, as well as adding 12,000 names to the country's already vast unemployment list.



