For-profit schools close:

Corinthian Colleges officials announce they will close all 28 of their remaining campuses, including several in the Valley, amid money woes and allegations of fraud. The California-based company says it’s in “advanced negotiations” to sell the properties.

SANTA ANA, Calif. — Corinthian Colleges will shut down all of its remaining 28 ground campuses, displacing about 16,000 students, less than two weeks after the U.S. Department of Education announced it was fining the for-profit institution $30 million for misrepresentation.

In a statement Sunday, the Santa Ana, Calif.-based company said it was working with other schools to help students continue their education. The closures include the Everest schools in Phoenix and Mesa and Everest Online Tempe, according to a company statement.

Closure also include the Heald College campuses in California, Hawaii and Oregon, and other campuses in California and New York.

Corinthian collapsed last summer amid a cash shortage and fraud allegations.

The Education Department contends that Corinthian failed to com- ply with requests to address allegations of falsifying job placement data and altering grades and attendance records. It agreed to sell or close its campuses under pressure from the department.

Earlier in April, the department fined subsidiary Heald College, alleging the school had shown a pattern of falsifying postgraduation employment data. In one instance, the company’s Honolulu campus declared a student had found work in her chosen field of accounting, even though administrators knew she was working at Taco Bell, the department said.

Most of the company’s former schools have been sold, and Corinthian attempted to sell Heald as well but was blocked by California Attorney General Kamala Harris’ refusal to provide prospective buyers with a release from liability.

The company said Sunday it had been in “advanced negotiations” with several parties to sell the 150-year-old college but was unsuccessful.