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The New York Attorney General is investigating colleges run by Corinthian Colleges

According to Reuters, New York is the latest state to start probing for-profit schools that have come under the scanner for over-charging students and burdening them with debt.

The Obama government has threatened to cut off federal aid — a big chunk of revenue for these colleges — if the for-profit schools continue to show high student debt levels.

Involvement of state administrations started in October when Florida said it was probing Apollo Group, Corinthian, Washington Post’s Kaplan colleges and Career Education for alleged unfair and deceptive enrollment practices.  For more information follow on the link http://www.reuters.com/article/2011/05/20/us-education-idUSTRE74J55O20110520