Corinthian Colleges offer diploma and associate programs as well as bachelors and master’s degrees. Their main programs include business, information technology, criminal justice, health care, construction trades and transportation technology and maintenance. In addition to their in campus offerings, they also have their online degree courses that cover information technology, paralegal, business, accounting and criminal justice. They have a total of 111 campuses that bears the name Heald, Everest and WyoTech.
Since 2004, the company has faced a lot of challenges including a drop of their stocks, decline of enrollees which resulted in downsizing of its manpower, escalating student withdrawal rates and as well as various investigations and legal offenses. The Attorney General of Iowa has led an investigation by thirteen states into the business practices of the company. This is in addition to the pending complaint filed by the California Attorney General against the marketing efforts of the company to target those who are deemed low-income job seekers, single parents and those who are considered vulnerable and near the federal poverty line. This case is currently under adjudication in the San Francisco Country Superior Court under the case number CGC 12 534793. Included in this lawsuit are the offenses committed by the business involving fraud in securities and the unlawful use of military seals in some of their advertisements.
In 2007, Corinthian Colleges also agreed to pay a settlement amounting to $6.5 million. This is after the business was allegedly accused of engaging in unlawful business practices of exaggerating their records of placing their students in well paying jobs.
The business receives 80% of their funds from the US government. The company’s largest known investor is Wells Fargo. Stocks of the business are publicly traded on the NASDAQ under the ticker symbol COCO.