For-profit colleges came under scrutiny during the Obama administration, which targeted inflated job placement claims, predatory lending practices and more. Government investigations and sanctions have led to closures of several for-profit college chains, including California-based Corinthian Colleges, which sold or closed most of its 107 campuses and liquidated its assets through Chapter 11 bankruptcy in 2015, and ITT Technical Institute, which closed its more than 130 campuses last year.