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July 8, 2014 at 10:08 AM

Everest Colleges in Washington not closing, going up for sale

Corinthian Colleges is closing a dozen of its Everest College campuses, but none of the schools planned for closure is in Washington.

Under an agreement the company reached with the federal Education Department last week, the company is putting 85 of its U.S.-based campuses up for sale, including at least five Everest Colleges in Washington: Everett, Seattle, Bremerton, Tacoma and Renton. It’s not clear if a sixth school, in Vancouver, is still operating.

Last month, the Education Department put Corinthian on heightened financial monitoring with a 21-day waiting period for federal funds. That was after it failed to provide adequate paperwork and comply with the department’s requests to address concerns about the company’s practices. The department said the concerns included allegations of falsifying job placement data used in marketing claims to prospective students, and allegations of altered grades and attendance.

The company faces multiple state and federal investigations.

The Washington Student Achievement Council, which disburses state aid to students attending colleges in Washington, has decided not to provide state financial aid to students attending Everest College-Renton, and the Washington Attorney General is involved in a multi-state investigation of the company’s practices.

About 3,400 of the 72,000 students who attend schools owned by Corinthian will be affected by the closures, the company said.

The campuses that are closing are in Bensalem, Pennsylvania; Chelsea, Massachusetts; Cross Lanes, West Virginia; Eagan, Minnesota; Fort Worth, Texas; Grand Rapids, Michigan; Kalamazoo, Michigan; Merrillville, Indiana; Salt Lake City, Utah; St. Louis; Silver Spring, Maryland; and McLean, Virginia.

Under the terms of the agreement, the campuses must tell students their options and each campus will have a plan that allows students to finish their program, if they choose to do so. Some are eligible for a refund.

 

Comments | More in Education | Topics: closing, Corinthian, Everest Colleges

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