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Corinthian Colleges, U.S. Department of Education Continue to Negotiate Operating Agreement

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| Source: Corinthian Colleges, Inc.

SANTA ANA, Calif., July 2, 2014 (GLOBE NEWSWIRE) -- Corinthian Colleges, Inc. (Nasdaq:COCO) announced today that it continues to work cooperatively with the U.S. Department of Education (ED) to complete an operating agreement as contemplated by the previously announced Memorandum of Understanding. The company and ED expect to have the agreement completed over the next few days.

About Corinthian

Corinthian is one of the largest post-secondary education companies in North America. Our mission is to change students' lives. We offer diploma and degree programs that prepare students for careers in demand or for advancement in their chosen fields. According to U.S. Department of Education's most recent statistics, Corinthian's overall graduation rate is 61 percent. Our program areas include health care, business, criminal justice, transportation technology and maintenance, construction trades and information technology. We have 107 Everest, Heald and WyoTech campuses, and also offer degrees online. For more information, go to http://www.cci.edu.

Investors:
Anna Marie Dunlap
SVP Investor Relations
714-424-2678

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Kent Jenkins Jr.
VP Public Affairs Communications
(202) 682-9494