Statement on Initial Closing of Sale of Corinthian Colleges to ECMC

February 3, 2015
Pauline Abernathy

The sale of Corinthian campuses to ECMC continues to raise serious concerns, but the terms announced today include significant new debt relief for tens of thousands of Corinthian students and new safeguards to protect students and taxpayers from fraud in the future. The provisions include several of the changes that TICAS and 49 other organizations called for in December. While far better than what was announced in November, we continue to have grave concerns about this deal.