Santa Ana-based Corinthian Colleges said it has caught up on rent for its headquarters at the Hutton Centre near the Costa Mesa (55) Freeway in Santa Ana.
The for-profit college operator was said to be $381,000 behind on its lease when the landlord, Equity Office Management LLC, filed suit earlier this month.
Corinthian said it expects to pay its rent on the offices in a timely fashion going forward. It also said it had struck a deal to sell student loans, equipment at some of its campuses and real estate in Melbourne, Fla.
Federal consumer finance regulators have told the company it needs to consult with them before selling any more loans, a company spokesman said.
Corinthian is winding down its operations under an agreement with the U.S. Department of Education by selling schools and closing some campuses. At the time of its agreement with the Department it operated about 107 campuses with 72,000 students.
