http://www.mercurynews.com/education/ci_26089128/corinthian-colleges-sell-85-u-s-campuses-and
"Corinthian will have to stop enrolling students at schools it plans to close and it must disclose the status of each campus to current and prospective students, according to the agreement."
"The education department agreed to release another $35 million in federal student aid to the company to be used exclusively to help students complete their programs if they choose to do so after being fully informed of their options."
NOTE: Money used to COMPLETE programs, not start new ones. Given the 6 month timeframe...its worse then Jack stated in his email.
"The department said it would closely watch how the company spends its last federal dollars."
The death blow...LAST...FEDERAL...DOLLARS.