California Attorney General Kamala Harris filed a lawsuit against Corinthian Colleges, Inc and its subsidiaries, which run a number of for-profit colleges across the country, claiming that they lied to students and investors about job-placement prospects, as well as illegally using military seals in their ads to attract veteran students.
Corinthian runs a total of 111 campuses in North America and three online programs. One-third of the company’s 81,000 students reside in California. According to the suit filed by the AG’s office, the company charges close to $40,000 in tuition for an associate’s degree and boosts an unrealistically high job placement rates for certain programs it offers.
So, are for-profit universities preying on people looking for a higher education, or do they help people find a way to get that college degree that could help them advance professionally and personally?
Suzanne Martindale, staff attorney at Consumers Union, the policy and action division of Consumer Reports
Neal McCluskey, associate director of the Cato Institute’s Center for Educational Freedom