The U.S. Department of Education has appointed Patrick Fitzgerald, a former U.S. attorney in Illinois, to oversee Corinthian Colleges’ closure of its campuses, according to a news release from the department. An agreement struck this month between the company and the department, and requiring the eventual closing of all 107 campuses, calls for an independent monitor to be appointed.
Last month the department tightened restrictions on the for-profit company, putting its financial security into doubt. The two sides reached the agreement this month on the specifics of the closure. Under the agreement, Corinthian will sell 95 of its campuses and wind down activity at the other 12.Return to Top