Durbin asks Corinthian Colleges to stop enrollment

U.S. Sen. Dick Durbin and Illinois' attorney general are calling on a for-profit education company to stop enrolling students and notify current students at its Illinois campuses that it is subject to heightened government oversight.

The U.S. Department of Education has limited Corinthian Colleges Inc.'s access to federal funds after the company failed to provide it with documents on student data.

The company has been accused of altering grades and attendance records and falsifying job placement data in advertisements.

In Illinois, Corinthian operates under the name Everest College and has six campuses in the Chicago area.

A Corinthian spokeswoman did not return a call seeking comment.

The company's stock plunged Thursday.

Durbin says it should stop enrolling students to protect them from being loaded with debt if the company fails.