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Career Education Corporation
Perdoceo Education Corporation (PRDO) is a private company that currently owns four for-profit universities, including American Intercontinental University, Colorado Technical University, California Southern University, and Trident University International. The company was previously known as Career Education Corporation. History Career Education was founded in 1994 by John M. Larson who served as the company's president, CEO and was a member of the board of directors until 2006. Under his leadership, Career Education grew to include over 24 U.S. campuses. On July 1, 2003, Career Education Corporation merged with competitor Whitman Education Group, Inc., gaining control over the latter's Sanford-Brown Colleges, Ultrasound Diagnostic Schools (now known as the Sanford-Brown Institute), and Colorado Technical University. They also obtained the former Western School of Health and Business. In the same year, CEC was sued for inflating financial results and issuing misleading statements ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Apollo Group
Apollo Education Group, Inc. is an American corporation based in the South Phoenix area of Phoenix, Arizona, with an additional corporate office in Chicago, Illinois. The company owns and operates several higher-learning institutions, including the University of Phoenix, BPP Holdings in the United Kingdom, University for the Arts, Sciences, and Communication in Santiago, Chile, and Universidad Latinoamericana in Mexico. On May 8, 2016, the company announced its sale to a group of private investors for $1.14 billion, effectively going private. On February 1, 2017, Apollo Education Group Inc announced the completion of its acquisition by a consortium of investors including The Vistria Group, LLC and funds affiliated with Apollo Global Management, LLC. History Founding Apollo Education Group, Inc. was founded in 1973 by John Sperling and John D. Murphy. Apollo Group as a Publicly Traded Corporation (1994–2016) Corporate revenues for the year ending August 31, 2005 were $2.251 b ...
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Brooks Institute
The Brooks Institute was a private for-profit art school in Ventura, California. It was formerly the Brooks Institute of Photography and was originally based in Montecito and Santa Barbara.Brooks Institute.edu: History
. accessed 9.25.2015
Brooks Institute offered four majors and two graduate programs. The college was last owned by Gphomestay. The college had consolidated and moved operations from Santa Barbara to the Ventura Campus before autumn 2015.Brooks Institute.edu: Brooks Institute Campuses
. accessed 9.25.2015.
The college abruptly announced it was closing on August 12, 2016. The last term wa ...
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Brooks College
Brooks College was a for-profit college in Long Beach and Sunnyvale, California. Brooks College closed in 2008 after 35 years. History Brooks College had two campuses owned by Career Education Corporation: in Long Beach, California, and in Sunnyvale, California. Brooks College was founded in 1964 as Collegiate Inn to provide student housing to California State University, Long Beach. It reorganized as Brooks College for Women in 1971. In 1974, the name changed to simply Brooks College. In 2007, Career Education Corporation announced that it would close Brooks College, and began attempting to sell Brooks College because of accreditation problems and "scrutiny by the U.S. Department of Education". The Sunnyvale operation closed in June 2008; the Long Beach campus closed in December 2008. A 2009 exposé by CBS News reporter Steve Croft said Brooks College was "facing allegations that it deceived investors, the federal government, and students, who say they've been taught a ...
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Briarcliffe College
Briarcliffe College was a private for-profit college with two campuses on Long Island, New York. It was owned by Career Education Corporation. The Bethpage campus served Nassau County, New York, and the Patchogue campus was in Suffolk County, New York. The college offered associate or bachelor programs. It stopped accepting new students in 2015 and closed in 2018, citing financial difficulties, following a $10.25 million settlement with the New York state attorney general's office over inflated job placement rates in 2013. History Briarcliffe was founded in 1966, as a one-year business school in Hicksville, New York. A branch campus opened in 1969 in Mineola/Garden City. This branch was moved to Lynbrook, New York in 1983. In 1979, the New York State Education Department authorized Briarclffe to offer the two-year associate degree in occupational studies. A third campus was established in Patchogue, New York in 1981. In 1992, Briarcliffe, which had an overwhelmingly female ...
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Veterans Administration
The United States Department of Veterans Affairs (VA) is a Cabinet-level executive branch department of the federal government charged with providing life-long healthcare services to eligible military veterans at the 170 VA medical centers and outpatient clinics located throughout the country. Non-healthcare benefits include disability compensation, vocational rehabilitation, education assistance, home loans, and life insurance. The VA also provides burial and memorial benefits to eligible veterans and family members at 135 national cemeteries. While veterans' benefits have been provided by the federal government since the American Revolutionary War, a veteran-specific federal agency was not established until 1930, as the Veterans Administration. In 1982, its mission was extended to a fourth mission to provide care to non-veterans and civilians in case of national emergencies. In 1989, the Veterans Administration became a cabinet-level Department of Veterans Affairs. The agenc ...
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US Department Of Defense
The United States Department of Defense (DoD, USDOD or DOD) is an executive branch department of the federal government charged with coordinating and supervising all agencies and functions of the government directly related to national security and the United States Armed Forces. The DoD is the largest employer in the world, with over 1.34 million active-duty service members (soldiers, marines, sailors, airmen, and guardians) as of June 2022. The DoD also maintains over 778,000 National Guard and reservists, and over 747,000 civilians bringing the total to over 2.87 million employees. Headquartered at the Pentagon in Arlington, Virginia, just outside Washington, D.C., the DoD's stated mission is to provide "the military forces needed to deter war and ensure our nation's security". The Department of Defense is headed by the secretary of defense, a cabinet-level head who reports directly to the president of the United States. Beneath the Department of Defense are th ...
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Betsy DeVos
Elisabeth Dee DeVos ( ; ' Prince; born January 8, 1958) is an American politician, philanthropist, and former government official who served as the 11th United States secretary of education from 2017 to 2021. DeVos is known for her support for school choice, school voucher programs, and charter schools. She was Republican national committeewoman for Michigan from 1992 to 1997 and served as chair of the Michigan Republican Party from 1996 to 2000, and again from 2003 to 2005. She has advocated for the Detroit charter school system and she is a former member of the board of the Foundation for Excellence in Education. She has served as chair of the board of the Alliance for School Choice and the Acton Institute and headed the All Children Matter PAC. DeVos is married to former Amway CEO Dick DeVos. Her brother, Erik Prince, a former U.S. Navy SEAL officer, is the founder of Blackwater USA.
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South University
South University is a private university with its main campus and online operations in Savannah, Georgia, United States. Founded in 1899, South University consists of its School of Pharmacy, College of Nursing and Public Health, College of Health Professions, College of Business, College of Theology, and College of Arts and Sciences. The university is accredited by the Southern Association of Colleges and Schools Commission on Colleges. South University is owned by Education Principle Foundation (aka Colbeck Foundation), a non-profit which also owns the Art Institutes. History South University was founded in Savannah, Georgia, in 1899 as Draughan's Practical Business College. The private school taught accounting, banking, typewriting, bookkeeping and shorthand. The South family acquired the institution in 1974 and changed its name to Draughan's Junior College. In 1986, the name was changed to South College. In 2001, the Southern Association of Colleges and Schools accredited So ...
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Brown Mackie College
Brown Mackie College was a private for-profit college system in the United States. The colleges offered bachelor's degrees, associate degrees, and certificates in programs including early childhood education, information technology, health sciences, and legal studies. Brown Mackie's schools were most recently owned by Education Management Corporation (EDMC). In 2016, 22 of 27 Brown Mackie campuses closed as Brown Mackie's parent company faced major legal and financial problems related to consumer fraud. The Akron campus was closed in September 2016 and the remaining campuses were sold to the Dream Center Foundation in 2017. Several Brown Mackie colleges were nationally accredited by the Accrediting Council for Independent Colleges and Schools, which subsequently lost its accreditation power. History Brown Mackie College was founded in 1892 in Salina, Kansas as the Kansas Wesleyan School of Business. In 1938, two of its former instructors, Perry E. Brown and A.B. Mackie, in ...
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Argosy University
Argosy University was a system of for-profit colleges owned by Dream Center Education Holdings (DCEH), LLC and Education Management Corporation. On February 27, 2019, the US Department of Education stated that they were cutting off federal funding to Argosy University. According to Inside Higher Education, "The Education Department said that the roughly 8,800 students enrolled at Argosy campuses could seek to transfer their credits elsewhere or apply for loan cancellation in the event their campus shuts down." All Argosy campuses were officially closed on March 8, 2019. History Origins The origins of Argosy University trace to three separate institutions: the American School of Professional Psychology, the Medical Institute of Minnesota, and the University of Sarasota. In the late 1970s, Michael Markovitz founded the Illinois School of Professional Psychology, which later changed its name to the American School of Professional Psychology. In 1976, Markovitz became the foundin ...
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