Sept 19 (Reuters) - Corinthian Colleges Inc said the accreditation agency looking into its placement records has directed the for-profit college to notify its students that it is under warning. http://finance.yahoo.com/news/accreditation-agency-places-corinthian-under-224105369.html
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Usually the accreditation agency starting to pull out is an indication of the end. ED works with them to encourage them to pull accreditation, which means that the college immediately and retroactively becomes ineligible for Title IV funds. It's a big sign.
Game over! There is no recovery after this.