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EDMC
Education Management Corporation (EDMC) was a Pittsburgh, Pennsylvania-based operator of for-profit post-secondary educational institutions in the United States and Canada. The company was founded in 1962. At its peak in 2011, Education Management Corporation operated 110 schools through its higher education divisions: Argosy University, The Art Institutes, Brown Mackie College, and South University, and enrolled 158,300 students. Facing declining enrollment, legal issues, and accreditation problems, EDMC closed or sold many of its schools between 2013 and 2017. By 2014, the company's stock had lost 99.9% of its value, and EDMC received a defaulted bond rating (to junk bond status). Moody's credit rating service in January 2015 dropped EDMC to its lowest rating, D-PD. In June 2018, EMDC filed for Chapter7 bankruptcy and began to liquidate its assets. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Art Institutes
The Art Institutes (AI) are a collection of private for-profit art schools in the United States. Since 2019, the schools have been owned by Education Principle Foundation (aka Colbeck Foundation), a non-profit that also owns South University. The Art Institutes offer programs at the certificate, associate's, bachelors, and master's levels. The Art Institutes have faced accreditation and legal issues and student loan debtors have appealed to the US Department of Education for debt cancellation through defense to repayment claims. These efforts are premised on allegations they were defrauded. The student debt group "I Am Ai" has acted as a support group for students and former students of the Art Institutes, offering advice about debt cancellation. History Origins and growth (1921–2010) The Art Institutes system was created in 1969 when Education Management Corporation (EDMC) acquired The Art Institute of Pittsburgh, which was founded in 1921.Starting in 2000, The Art ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Art Institute Of Pittsburgh
The Art Institute of Pittsburgh was a private college in Pittsburgh, Pennsylvania. Shortly before closing in 2019, it was purchased by Dream Center Education Holdings (in turn a division of The Dream Center, a Christian non-profit 501(c)(3) organization in Los Angeles, California, established in 1994) It was located in Pittsburgh, Pennsylvania, and emphasized design education and career preparation for the creative job market. It was founded in 1921 and closed in 2019. Ai-Pittsburgh was part of the system of Art Institutes which includes Ai-Online. The school shut its doors in March 2019 after being placed into federal receivership. At the time of its closure, Ai-Pittsburgh was facing removal of its accreditation by the Middle States Commission on Higher Education (MSCHE) due to concerns over the executive leadership. According to the National Center for Education Statistics, the Art Institute of Pittsburgh had a 29 percent graduation rate and a 20.9 percent student loan defau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dream Center
The Dream Center is a Pentecostal network of community centers in Los Angeles, California, established in 1994. The president of Dream Center is Matthew Barnett. History The organization was founded in 1994 by Matthew Barnett and Tommy Barnett of Dream City Church as a home missions project of the Southern California District of the Assemblies of God. In 1996, after purchasing the old Queen of Angels Hospital in Echo Park Downtown Los Angeles, it transformed it into social center for the homeless, prostitutes and members of street gangs. In 2001, Pastor Matthew Barnett and the International Church of the Foursquare Gospel merged the Dream Center with the Angelus Temple, making Barnett the senior pastor over Angelus Temple as well as the Dream Center. Associated Dream Centers have been established in other cities. As of 2022, the organization has established 84 centers in other cities and countries around the world. Programs Dream Center offers a food bank, clothings and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
For-profit Higher Education In The United States
For-profit higher education in the United States refers to the commercialization and privatization of American higher education institutions. For-profit colleges have been the most recognizable for-profit institutions, but commercialization has been a part of US higher education for centuries. Privatization of public institutions has also been increasing since at least the 1980s. History For-profit colleges in the U.S. have their origins in the Colonial Era. According to AJ Angulo, 19th century for-profit colleges offering practical skills expanded across the United States, meeting a demand for practical job training. In the 1830s and 1840s, proprietary business schools in Boston, Brooklyn, and Philadelphia offered penmanship and accounting classes. The expansion continued in the 1850s and 1860s, to Chicago, New Orleans, Memphis, and San Jose. Angulo estimated that there were 2,000 for-profit colleges with more than 240,000 students during the period, if fly-by-night schools were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western State University College Of Law
Western State College of Law at Westcliff University is a private, for-profit law school in Irvine, California. It offers full and part-time programs and is approved by the American Bar Association. Western State pays a fee to receive services from Association of American Law Schools (AALS). History Western State College of Law was founded in 1966 in Orange County, California. In 1987, the school applied for accreditation with the American Bar Association (ABA). Although the school was unsuccessful in this attempt, it was at the time accredited by the Western Association of Schools and Colleges and by the California State Committee of Bar Examiners (CBE). The accreditation by the CBE made graduates eligible to sit for the California Bar Examination. By 1990, Western State had expanded to three campuses in California including locations in Fullerton, Irvine and San Diego. At that time, the school was the largest law school in California. In 1995, Western State again began ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savannah, Georgia
Savannah ( ) is the oldest city in the U.S. state of Georgia (U.S. state), Georgia and is the county seat of Chatham County, Georgia, Chatham County. Established in 1733 on the Savannah River, the city of Savannah became the Kingdom of Great Britain, British British America, colonial capital of the Province of Georgia and later the first state capital of Georgia. A strategic port city in the American Revolution and during the American Civil War, Savannah is today an industrial center and an important Atlantic seaport. It is Georgia's Georgia (U.S. state)#Major cities, fifth-largest city, with a 2020 United States Census, 2020 U.S. Census population of 147,780. The Savannah metropolitan area, Georgia's List of metropolitan areas in Georgia (U.S. state), third-largest, had a 2020 population of 404,798. Each year, Savannah attracts millions of visitors to its cobblestone streets, parks, and notable historic buildings. These buildings include the birthplace of Juliette Gordon Low (f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wall Street Transcript
''The Wall Street Transcript'' is a paid subscription publication and Web site that publishes bi-weekly industry reports that feature equity analyst, money manager and CEO interviews. Reports typically cover two to three industries and express money managers' and analysts' views on each of the various industry sectors, as well as interviews with CEOs whose companies operate within the covered industries. In publication since 1963, ''The Wall Street Transcript'' is a publication in the finance community, which has interviewed the CEOs and senior executives of public companies, money managers handling billions of dollars of assets, and equity analysts from leading investment banks around the world and publishing these interviews verbatim. ''The Wall Street Transcript'' does not endorse the views of those interviewed, nor does it make stock recommendations. The ''Wall Street Transcript'' highlights micro-cap and small-cap stocks that may go overlooked by many investors, while its C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Huffington Post
''HuffPost'' (formerly ''The Huffington Post'' until 2017 and sometimes abbreviated ''HuffPo'') is an American progressive news website, with localized and international editions. The site offers news, satire, blogs, and original content, and covers politics, business, entertainment, environment, technology, popular media, lifestyle, culture, comedy, healthy living, women's interests, and local news featuring columnists. It was created to provide a progressive alternative to the conservative news websites such as the Drudge Report. The site offers content posted directly on the site as well as user-generated content via video blogging, audio, and photo. In 2012, the website became the first commercially run United States digital media enterprise to win a Pulitzer Prize. Founded by Andrew Breitbart, Arianna Huffington, Kenneth Lerer, and Jonah Peretti, the site was launched on May 9, 2005 as a counterpart to the Drudge Report. In March 2011, it was acquired by AOL for US$315& ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
