Medical Vocational Schools

Search For Vocational Schools By State


Schools By State

Job Outlook Information


Clinical Laboratory

Dental Assistant

Diagnostic Medical Sonographers

Massage Therapist

Medical Administrative Assistant

Medical Assistants

Dental Ophthalmic Laboratory Tech

Health Information Tech

Medical Transcriptionists

Nuclear Medicine Technologists

Nurses Aide

Occupational Therapy

Personal Home Care Aides

Physical Therapist

Personal Fitness Trainer

Psychiatric Assistant

Radiologic Technician

Surgical Technologist

Veterinary Technician


Home > Article Categories > Medical Vocational Articles > Corinthian Shares Plummeted, Few Students are Repaying Federal Loans

Corinthian Shares Plummeted, Few Students are Repaying Federal Loans

Shares of Corinthian Colleges Inc., a Santa Ana-based vocational school operator plummeted after a report revealed that only a small number of its students are repaying federal loans, placing future aid in deep trouble.

Corinthian Colleges shares are down $1.39, or 21%, at $5.27. Its shares closed down more than 20% to a market value of about $460 million. This is partly due to the data recently released by the Department of Education. It suggest that the for-profit education firm could be blocked from some federal student loan grants in the future.

The Federal Education Department issued a report revealing that lesser than 20% of students at Corinthian and some other for-profit school operators are repaying federal loans.

The department is now thinking of using the loan repayment figures to establish whether school operators are still fit for federal loans.

Under the suggested rule, which is scheduled to take effect next year, if lesser than 45% of former students are paying off loans, or if the debt burden of former students is more than 20% of their income, students at for-profit schools would be prohibited from federal loans.

According to an analysis of Education Department data by the Oakland-based nonprofit Institute for College Access & Success, for-profit colleges have an average 36% student-loan repayment rate. On the other hand, the repayment rate for public universities is 54%, while private colleges are at 56%, according to federal data.

Corinthian operates more than 100 campuses in both U.S. and Canada. This for-profit education firm offers degrees in healthcare, criminal justice, and other fields.

The company and other for-profit schools saw big growth during the recession, but this year they have come under fire because students took on more debt they couldn?t afford.

Looking at the federal data it shows that Corinthian?s Everest College, which offers degree in medical assisting, massage therapy, criminal justice, business administration, and other areas had one of the lowest repayment rates, which is at 8%.

Loan repayment is not the only issue that Corinthian and similar schools are facing. They are also under fire for their recruiters alleged engagement in fraudulent activities. A Government Accountability Office report discovered that recruiters at 15 colleges, including those operated by Corinthian, misled students to bolster enrollment.

Vocational Medical Schools

Permission is granted to reproduce this article as long as the above resource paragraph is left in tact with active links.


Find a Medical Vocational School

Advertise Now