For-profit school closing after being fined $ 30million by Dept of Education . Corinthian found to have misrepresented student job placement data . California-based company closes schools , largely on the West Coast . Students face thousands in student loan debts with no answers as to whether they will receive refunds . Institution generated $ 30million in government loans its final year .
For-profit school closing after being fined $ 30million by Dept of Education . Corinthian found to have misrepresented student job placement data . California-based company closes schools , largely on the West Coast . Students face thousands in student loan debts with no answers as to whether they will receive refunds . Institution generated $ 1.2billion in government loans its final year .