Questions Continue About Department’s Ignorance of Corinthian’s Financial Status

The U.S. Department of Education has a special unit to track the finances of for-profit colleges at risk of suddenly closing, and it even trained staff members this year to use a new service that provides real-time information on publicly traded education companies.

Yet despite all that, the department has said it didn’t know how shaky the financial ground was under Corinthian Colleges Inc. when it