This is an old article, but it might be relevant now that many of the California colleges are closing. http://consumerist.com/2014/07/18/your-corinthian-operated-school-is-closing-but-you-might-not-be-completely-screwed/ also http://www.studentloanborrowerassistance.org/straight-answers-corinthian-students-rights-options/
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We've been told to explain to the students that one of their options IF the schools close is that they can get tuition reimbursement. However, we have to stress the fact that if they get their loans reimbursed, they will have no credits to transfer anywhere so they would have to start over, taking out loans again anyway. On the plus side, almost no one actually accepts credits from CCI schools (not for a 1-1 transfer) so they'd have to start over anyway! TAKE THE MONEY, KIDS!
So an article that is 9 months old about a few campuses that have long since closed. CK - I know things haven't gone according to hos you'd like since then, but pretending isn't going to change that. We are all fine, and so are our students.