Ted Mitchell, the fresh undersecretary off degree, might have been within direct of your own department’s extreme conversations more Corinthian’s upcoming recently. In certain cases authorities spent some time working for the a beneficial “Combat Area” while in the precisely what the department known as “round-the-clock” negotiations.

ECMC Category owns Prime Borrowing away from The united states, which is among 22 personal commercial collection agency providers one to brand new service uses to gather defaulted government direct student loans

On the Thursday Mitchell applauded brand new product sales from Corinthian’s campuses. He said the deal would “create college students in order to maintain progress towards the achieving the informative and you may profession needs and protect taxpayers’ money, while Corinthian moves outside of the company.”

At the same time, yet not, a chorus from individual and scholar advocacy teams told you they had serious issues about the newest revenue. They expressed question your campuses would be run from the an enthusiastic team who’s got maybe not in earlier times managed informative associations. Read More