Manuel Balce Ceneta, Associated Press
Makenzie Vasquez, from left, Pamala Hunt, Latonya Suggs, Ann Bowers, Nathan Hornes, Ashlee Schmidt, Natasha Hornes, Tasha Courtright, Michael Adorno and Sarah Dieffenbacher, pose for a picture in Washington, Monday, March 30, 2015. Former and current college students calling themselves the “Corinthian 100” say they are on a debt strike and refuse to pay back their student loans. The name comes from Corinthian Colleges Inc., which operated the for-profit Everest College, Heald College and WyoTech schools before agreeing last summer to sell or close its 100-plus campuses.

WASHINGTON — The Education Department says it will fine Heald College $30 million, alleging the Corinthian Colleges subsidiary had engaged in egregious misconduct and misled students.

Corinthian, a massive for-profit educational institution, collapsed last summer amid a cash shortage and fraud allegations.

The department alleged that Heald, based in San Francisco, had shown a pattern of falsifying post-graduation employment data. In one instance, the department said, the company's Honolulu campus declared that a graduate had found work in her chosen field of accounting — even though administrators knew she was working at Taco Bell.

Corinthian spokesman Joe Hixson called the allegations "highly questionable."

The penalty is the largest ever levied by the department, but may not be collected. Corinthian's once billion-dollar stock is virtually worthless, and the company faces numerous legal claims.