From thehill.com "Among the more disturbing reports around the Department of Education’s approach to Corinthian are the conflicting accounts of what officials knew regarding Corinthian’s finances when they froze federal funds to the school. The Department claims it was unaware that its actions would have the effect of shutting down the school, while other reports make clear officials within the Department were fully aware of the shaky nature of Corinthian’s finances. So either the Department inadvertently displaced 70,000 students without a plan for how to handle them, or it took actions knowing full well that a system incapable of absorbing these students would be their only recourse."
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And DOE found that COCO was NOT financially responsible. Then they realized that the rules they imposed would deeply impact DOE itself. Backpedaling began. Who do you think knew that would happen? Our Jack & Co.
Just a few months earlier CCi fought with the Feds to prove that it was financially responsible.
Pick your poison.....