U.S. fines Corinthian Colleges $30 million over false job placement rates - LA Times

I do not understand why any of these scams are still allowed to operate!!  It is hard enough being saddled with student debt, but worse for students who have a "degree" that is useless.

The U.S. Department of Education levied a $30-million fine Tuesday against Santa Ana-based Corinthian Colleges Inc., alleging the for-profit college operator recruited students with inflated job placement rates.

The fine represents another blow to ailing Corinthian, which over the last year has been selling off and closing dozens of campuses across the country amid a crackdown by the Education Department. Job placement rates for Corinthian graduates have been at the center of the controversy: The department restricted Corinthian's access to federal student aid last year amid concerns the company falsified the data.

The fine applies only to one branch of Corinthian's operation — the Heald College system, which operates 12 campuses in California, Hawaii and Oregon — raising the potential for more penalties at Corinthian's other campuses. Many of the other schools, which operated under the Everest College and WyoTech brands, have been sold in recent months.

U.S. fines Corinthian Colleges $30 million over false job placement rates - LA Times