Corinthian Colleges Announces Program With ASFG to Provide $450 Million in Student Loans

Corinthian Colleges, Inc. COCO announced today a new private education discount loan program with ASFG, LLC for Corinthian students. ASFG intends to fund approximately $450 million in new student loans over the next two years. Under the ASFG Program, an unaffiliated lender will continue to make private education loans to eligible students and subsequently sell those loans to ASFG or its designee. Under the Company's existing student loan program, the unaffiliated lender sells the loans to Corinthian.