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Kentucky Attorney General Probing Six For-Profit Schools

By Melissa Korn Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The Kentucky Attorney General's office has launched an investigation into the business practices of six for-profit colleges operating in the state, issuing subpoenas to the schools earlier Wednesday. Allison Gardner Martin, the office's communications director, declined to release the names of the schools involved. She said they operate in Kentucky, aren't necessarily headquartered in Kentucky, and "may or may not be publicly traded." The Kentucky investigation is the second such probe of for-profit colleges in recent months, following one launched by the Florida Attorney General's office in October, and comes amid a series of U.S. Senate hearings questioning the educational merits of the schools. The Kentucky Attorney General subpoenaed data on six for-profit schools' student-loan default rates, as well as material used in advertising and recruiting, information about job placement, transferability of credits and accreditation, and details of how financial-aid funds are disbursed. "I want to make sure these institutions are as interested in educating their students as they are in collecting federal loan money," Attorney General Jack Conway said in a statement. His office "determined a closer look at the business practices of for-profit and proprietary colleges was warranted" after earlier this year conducting an investigation of Decker College and the American Justice School of Law. Neither of those schools, now defunct, was publicly traded. -By Melissa Korn, Dow Jones Newswires; 212-416-2271; melissa.korn@dowjones.com

Stock News for Corinthian Colleges (COCO)
DateTimeHeadline
11/15/201308:55:37Highbridge Capital Management 3Q 13F: Largest Eliminations
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest -2-
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Sales
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Purchases
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:10:23AQR Capital Management 3Q 13F: Largest Sales
08/29/201309:17:16U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
07/22/201318:50:33Panetta Resigns from Corinthian Colleges Board
06/09/201113:46:46Some Relief, But For-Profit Colleges Still Face Challenges
06/02/201109:48:46For-Profit Colleges Rally As Government Test Looks Easy
06/02/201100:31:23US Education Dept Softens Final Rule On Vocational Programs
04/28/201111:40:37Inspector General Investigating US Education Dept Over Rules...
03/02/201117:42:12Washington Post's Kaplan Being Investigated By Illinois AG
02/02/201113:15:10For-Profit College Lobbying Group Sues Over GAO Report
01/25/201111:54:59US Education Department To Clarify Controversial Regulations
01/19/201114:57:47Private Equity Warming To For-Profit Colleges; Hurdles Remain
12/22/201017:32:14Lawmakers Increase Criticism Of Report On For-Profit Colleges
12/15/201018:01:51Kentucky Attorney General Probing Six For-Profit Schools
12/09/201018:35:47Cablevision, Neflix, 2 Others To Join S&P 500 Index
11/30/201017:27:14Corinthian Colleges CEO Waller Resigns; Massimino Retakes Helm

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