A class action lawsuit has been filed against the for-profit education provider for allegedly misleading students regarding graduate employment prospects and starting salaries. The lawsuit was filed in Santa Clara Superior Court on behalf of graduates of the Medical Assistant vocational programs offered at Bryman College, now named Everest College. The class action claims Corinthian Colleges Inc. and its wholly owned subsidiary Corinthian Schools Inc. made untrue statements claiming their programs were approved by the California Department of Education.
Corinthian offers vocational programs at approximately 14 schools located throughout California. The programs, which typically last from six to 13 months, are offered primarily to people who have graduated from or otherwise left high school.
According to the lawsuit, the vast majority of students enrolled must finance the high cost of these courses. Charges for these vocational programs typically range between $7,000 and $15,000, but can cost as much as $27,000. The suit alleges Corinthian offers financing through lenders via a combination of government grants, government subsidized loans, high-cost private loans, and Corinthian's own credit programs. Carnegie Student Loans and SLM Corp.'s Sallie Mae Inc. were also named as defendants in the suit.