Georgia for-profit colleges | www.myajc.com

Amid numerous investigations, Corinthian Colleges, a giant in the for-profit college industry, is likely headed for bankruptcy and closing or selling off its more than 100 campuses, including several in the Metro Atlanta area under its Everest brand.

More than a dozen states and three federal agencies have been looking into whether the company lied about its educational programs, job-placement rates and finances.

Separate federal and multi-state investigations have targeted other companies that operate ITT Tech, Argosy and Brown Mackie, American InterContinental University, Sanford-Brown and Le Cordon Bleu campuses in Georgia.

Throughout it all, the Georgia state agency responsible for regulating for-profit schools has sat on the sidelines.

Rather than join an investigation or open one itself, the Georgia Nonpublic Postsecondary Education Commission gave each of these colleges and several others under investigation its stamp of approval, certifying they met state standards for educational and fiscal soundness.

via Georgia for-profit colleges | www.myajc.com.