Inside Higher Ed reports that the remnants of Corinthian Colleges purchased last year by Zenith Education Group have shrunken further due to additional consolidation.

According to the news organization, Zenith is consolidating eight of the campuses of the Everest and WyoTech campuses that it purchased last year from Corinthian Colleges and is gradually closing two campuses in Florida. 

More than Z00 Zenith employees are losing their jobs and more than 100 positions at Everest Online and student financial support are being eliminated, according to Inside Higher Ed.

After this round of consolidation, Zenith will have 24 Everest campuses and three WyoTech campuses, the news organization reported.

Earlier in March, the Associated Press reported that many problems at Everest and WyoTech were persisting for students after Zenith's purchase in 2015 of parts of the now-defunct Corinthian Colleges chain. Zenith disputes the A.P. story.

A California state court judge has hit now-defunct Corinthian Colleges with a $1.1 billion judgment for deceptive trade practices that played a significant role in the unraveling of the for-profit education giant nearly a year ago.

The final default judgment entered by San Francisco Superior Court Judge Curtis E.A. Karnow found that Corinthian had "knowingly misled students with phony job numbers and advertisements for programs that didn't exist, illegally used official military seals in its promotions and engaged in unlawful debt collection practices, among other violations," according to a report in the San Jose Mercury News.

The suit against Corinthian was brought by California Attorney General Kamala Harris, one of a number of state and federal regulatory actions brought on behalf of current and former students of for-profit giant Corinthian, which aggressively and deceptively marketed education programs under brands that included Heald, Wyotech and Everest.

In April 2015, under intense regulatory pressure, Corinthian suddenly closed, filing bankruptcy a month later.

In a news release, the California attorney general hailed the $1.1 billion judgment, saying, "This judgment sends a clear message: there is a cost to this kind of predatory conduct."

The U.S. Department of Education has released a list of more than 500 trade schools, colleges and universities on a watch list for greater oversight by the federal agency responsible for the federal student loan program. 

In releasing the list, the agency  explained that it can elect to place institutions receiving federal student aid on "heightened cash monitoring" due to "compliance issues including but not limited to accreditation issues, late or missing annual financial statements and/or audits, outstanding liabilities, denial of re-certifications, concern around the school's administrative capabilities, concern around a schools' financial responsibility, and possibly sever findings uncovered during a program review."

Nine schools operating in the state of Michigan appear on the list:  Ecumenical Theological Seminary in Detroit; Everest Institute in Southfield; Everest Institute in Grand Rapids; Finlandia University in Hancock; Kuyper College in Grand Rapids; Martin Parsons Academy of Design in Marysville; Olivet College in Olivet; the Robert B. Miller College in Battle Creek; and Rochester College in Rochester Hills.

A Department of Education official, Ted Mitchell, said in a statement that the list is "not necessarily a red flag to students and taxpayers, but it can serve as a caution light."

You can share concerns about the list or one of the schools that appears on the list with an attorney at College Watchdogs here or by call 877-540-8333.
Massachusetts attorney general Martha Coakley has filed a lawsuit against one of the nation's largest for-profit education companies, Corinthian Colleges, alleging that the company uses deceptive marketing and loan techniques to enroll students and increase profits. In Massachusetts, Corinthian operates two branches of its Everest Institute.  As described in the Boston Globe, the AG's lawsuit filed in state court in Massachusetts accuses the for-profit education giant of luring students with misleading promises of employment and pay into education programs that leave them heavily in debt.  In an interview with the newspaper, Coakley said, "The only ones who are doing well in this appear to be the [company's] investors." A Corinthian spokesman told the paper that Coakley was ignoring substantial positive evidence about the student success  at the company's two Massachusetts campuses. In a statement, Corinthian said in part, “The Massachusetts Attorney General’s Office disregards substantial, independent evidence that our two schools in Massachusetts have a strong record of offering students a quality education and treating them honestly and fairly.”