Thread regarding Corinthian Colleges Inc. layoffs

Tell me about those high placement rates: (Did they forget to tell you that those placements might count, but the student doesn't earn squat?) "To end up in these categories, programs must have terrible results. At Corinthian-owned Everest College’s Newport News, Va., campus, for example, more than 500 students completed the medical assistant certificate program during the 2007-08 and 2008-09 school years. After hitting the job market, they earned an average of $12,553 per year in 2011. Since 90 percent of full-time medical assistants are paid at least $21,080 per year, according to the Bureau of Labor Statistics, this suggests that many of these students couldn’t get jobs in their field at all. The 10-month program costs “about $20,000,” according to a telephone representative whom I spoke to this week only after an online representative refused to tell me the price, saying, “I don’t have access to that information.” It’s not surprising that a third of all the program’s borrowers defaulted on their loans."