Under an agreement reached Thursday, Corinthian must now post disclosures online about the pending sale of its schools and clearly tell current students that schools will be sold.
lRelated Corinthian Colleges needn't disclose financial woes in ads, judge says
BUSINESS
Corinthian Colleges needn't disclose financial woes in ads, judge says
SEE ALL RELATED
8
The company must also remove advertising references describing the company's schools as "stable and permanent" institutions that offer "lifetime" career services. And within two weeks, Corinthian must provide disclosures on its military-related websites that its California schools are no longer eligible to receive GI Bill benefits.
The new consumer information builds on several other disclosures required by the U.S. Department of Education. That agreement did not require that disclosures be posted online or be given to current students at schools up for sale.