Corinthian Colleges (COCO) backtracks on its decision to refuse "ability-to-benefit (ATB)"...

|About: Corinthian Colleges, Inc. (COCO)|By:, SA News Editor

Corinthian Colleges (COCO) backtracks on its decision to refuse "ability-to-benefit (ATB)" students, who default more frequently. COCO notes it's "made excellent progress in reducing defaults," but since - ahem - new student enrollment is down 21.5%, it plans to restart enrollment of ATB students again in the near future. COCO +4.5% premarket.