Economics

Corinthian Colleges, Hurting For Cash, Sells Student Loans

Corinthian Colleges, in the midst of winding down operations under an agreement with the Department of Education, still needs cash to keep going. But after selling a multimillion-dollar portfolio of student loans, the for-profit college operator has drawn a strong rebuke from financial regulators, according to a disclosure filed Monday. Last week Corinthian sold a set…

Corinthian Colleges, Hurting For Cash, Sells Student Loans