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California consumer protection officials have ordered the once-venerable Corinthian Colleges to stop enrolling new students at its remaining 13 Wyotech and Everest College campuses in the state due to growing concerns about the schools' viability.

According to a report in the Orange County Register, officials with the state's Bureau of Private Postsecondary Education cited concerns over the schools' financial resources, mounting legal pressures and inadequate regulatory disclosures in issuing the order to stop new enrollments to Corinthian, which does not require the for-profit company to cease operations.

California bureau chief Joanne Wenzel said in a statement that the order was necessary to “protect individuals who may have been thinking about enrolling at these schools.” 

The Register report added:  "Corinthian has been seeking to sell its California campuses since June under an agreement with the U.S. Department of Education and has previously argued that continuing to enroll students was necessary to maintain their financial viability and prevent school closures.The agreement with the U.S. Department of Education followed years of increasing scrutiny by state and federal regulators over the accuracy of Corinthian’s job placement statistics and loan practices, and marked the beginning of the company’s slow unraveling.  Corinthian officials maintain that regulators have unfairly targeted them for isolated incidents of employee misconduct and their business model performs a valuable role in educating students who are under-served by more traditional institutions."
 


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