Penalty fees are issued over false job placement rates.

college-penaltyThe U.S. Department of Education dealt a $30 million fine to Santa Ana-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 key role in marketing and recruiting efforts, a benchmark that indicates the value of a degree in the marketplace.

(Next page: Nearly 1,000 misstated placement rates)


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