The sudden closure of Corinthian has left some 16,000 students high and dry.

And guess who's covering the losses... we, the taxpayers, that's who.
https://www.insidehighered.com/news/2015/04/28/education-department-defends-corinthian-collapse-democrats-turn-pressure

Yeh, it's another sh***y deal for us, as usual.  That's the nature of for-profit higher education. Uncle Sam gives out student loans, which go to the for-profits as tuition.  Students drop out and default.  We cover the loss while the for-profit's shareholders and execs pocket the "profits."  Vhat a country!