In this commentary, the author analyzes the impact of the closure of Corinthian Colleges.

corinthian-collegesFor years, private for-profit colleges were Wall Street darlings. Robust margins and a business model that does best when the economy does worst enabled these companies to add hundreds of thousands of students, all funded by billions of dollars in federal subsidies.

What skyrocketed upward is now coming down, and the landing is not pretty. Corinthian Colleges, which a year ago had more than 72,000 students under the Everest, Heald and WyoTech brands, slowly collapsed over the last 10...

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