Thread regarding Corinthian Colleges Inc. layoffs

SANTA ANA, Calif., June 30, 2011 (GLOBE NEWSWIRE) -- Corinthian Colleges, Inc. (Nasdaq:COCO) announced today a new private education discount loan program with ASFG, LLC (ASFG) for Corinthian students (the "ASFG Program"). ASFG intends to fund approximately $450 million in new student loans over the next two years. Under the ASFG Program, an unaffiliated lender will continue to make private education loans to eligible students and subsequently sell those loans to ASFG or its designee. Under the Company's existing student loan program, the unaffiliated lender sells the loans to Corinthian.