article_snippet.sent: Corinthian Colleges will shut down all of Corinthian Colleges remaining 28 ground campuses, displacing about 16,000 students less than two weeks after the US Department of Education announced the US Department of Education was fining Institution $30 million.
article_snippet.sent: Corinthian was one of the country's largest for-profit educational institutions.
article_snippet.sent: Corinthian collapsed last summer amid a cash shortage and fraud allegations and Corinthian closures are believed to be the biggest shutdown in the history of US higher education.
article_snippet.sent: Corinthian Colleges, which was one of the country's largest for-profit educational institutions and ran brands such as Everest and Heald, will close Everest and Heald  schools after being fined $30million for misrepresenting job data .
article_snippet.sent: Corinthian CEO Jack Massimino (left) blamed regulators for Corinthian CEO Jack Massimino (left) company's failure to sell his company schools, which doubled revenue for his company up to $1.75billion between 2007 and 2011 .
article_snippet.sent: Unfortunately, the current regulatory environment would not allow us to complete a transaction with several interested parties that would have allowed for a seamless transition for us students,' Corinthian CEO Jack Massimino said in a statement.
article_snippet.sent: Corinthian CEO Jack Massimino also defended Corinthian CEO Jack Massimino work, saying Corinthian CEO Jack Massimino graduation and job placement rates 'compared favorably with community colleges' and that many of Corinthian CEO Jack Massimino students hadn't been able to get community colleges' needs met at a traditional higher education institution. '
article_snippet.sent: Neither Corinthian CEO Jack Massimino board of directors, Corinthian CEO Jack Massimino management, our faculty, nor Corinthian CEO Jack Massimino students believe these schools deserved to be forced to close,' Corinthian CEO Jack Massimino said.