Dated: December 7, 2004

Exhibit 10.1

Fiscal Year 2005
Executive Bonus Agreement
Pursuant to the 2003 Performance Award Plan
July 1, 2004 — June 30, 2005

Name: [Insert Name]                      Title: [Insert Job Title]

Effective Date: July 1, 2004

Target Bonus: [Insert Target %] of Annual Base Salary            Employee ID: [Insert ID]

Annual Base Salary: [Insert Annual Base Salary]

This bonus plan and this specific employee’s participation were approved by the Board of Directors of Corinthian Colleges, Inc. (the “Company”). It covers the period July 1, 2004 through June 30, 2005. Any deviation from the provisions of the bonus plan, as stated below, must be specifically approved by the Company’s Board of Directors.

The employee is eligible to earn a bonus payment, as described below, so long as the employee is employed by the Company in the position listed above and so long as this bonus plan remains in effect. The employee will be eligible for bonus consideration only during complete calendar months of the fiscal year in which the employee occupies the bonus eligible position. To determine eligibility for the annual bonus payment, actual Company performance will be measured against the performance goals for the fiscal year covered by this bonus plan.

As in the past, the earned bonus may be paid only if and to the extent that the bonus payment has been accrued by the Company.

To receive any bonus earned under this plan, the employee must be eligible, as stated above, and be employed by the Company at the time of bonus payment. Pro-rated bonus payments will be made only when minimum performance targets have been achieved and only when one of the following occurs:

All annual bonuses will be paid within 90 days of the end of the fiscal year. All bonuses will be calculated based on the base salary in effect at the end of the fiscal year.

If a pro-rated bonus payment is granted, the amount of bonus paid will be calculated based on the number of complete calendar months the employee occupied the bonus eligible position during the fiscal year. For example, with regard to an annual bonus payment, an employee occupying the bonus eligible position for nine and one half calendar months of the fiscal year would receive 75% of the total annual bonus calculated.

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ANNUAL BONUS

A plan participant may receive an annual bonus payment for achievement of specific performance goals as described below and specified on Attachment A.

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GENERAL PROVISIONS

The Company’s Board of Directors reserves the right to adjust bonus plan performance goals upon the occurrence of unusual or extraordinary events. The Company also reserves the right to reduce, suspend, or eliminate the payment of any bonus earned, if significant regulatory and or business practices attributed to the employee are determined to be improper by the Company’s Board of Directors. The Board will also have the right, in its sole and absolute discretion, to reduce, suspend or eliminate the payment of any bonus earned if the Company’s independent auditors find any “significant deficiency” in compliance with the requirements of Section 404 of the Sarbanes-Oxley Act within the employee’s area of functional or operational responsibility.

Nothing in this document is to be construed to guarantee its continuation in this or any future years.

The Company’s Board of Directors of Corinthian Colleges, Inc. will make the final decision regarding any disputed bonus computation or award.

REQUEST FOR SIGNATURE

Please sign and return this document to Corporate Human Resources.

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Attachment A: Annual Award Payout Schedule

Annual Bonus Overview

Annual Award Calculation Table

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