Corinthian is supposed to pick campuses that it plans to sell to others and those that it will close. That latter group will go into “teach out,” meaning the schools will continue to operate for students already enrolled, but no new students will be admitted. Details are supposed to be ironed out by Tuesday.
If that is carried out, it appears that Corinthian, which at its peak was valued by Wall Street at more than $3.4 billion, will vanish. But many of those campuses may just change names and continue to operate under other owners.