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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) were a private for-profit system of art schools in the United States. The Art Institutes offered programs at the certificate, associate's, bachelors, and master's levels. By 2012, there were 50 campuses with roughly 80,000 enrolled students. Long owned by Education Management Corporation (EDMC), the Art Institutes were sold in 2017 to the Dream Center Foundation, a Los Angeles–based Pentecostal organization. From 2019 to 2023, the Art Institutes were owned by the Education Principle Foundation (formerly known as Colbeck Foundation), a non-profit that also owned South University. In 2022, South University separated from the Education Principle Foundation and, by extension, the Art Institutes. The Art Institutes 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 st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Art Institute Of Pittsburgh
The Art Institute of Pittsburgh was a Private university, private Art school, art college in Pittsburgh, Pennsylvania. The school emphasized design education and career preparation for the Creative industries, creative job market. It was founded in 1921 and closed in 2019. The Art Institute of Pittsburgh was part of The Art Institutes, a private for-profit system of art schools in the United States, which closed down in September 2023. History Founded in 1921, the school began as a profit-based independent school of art and illustration, producing a number of notable artists including watercolorist Frank Webb (watercolorist), Frank Webb, animation producer and director Rick Schneider-Calabash, and the late science fiction illustrator Frank Kelly Freas. Later, the institute specialized primarily in design disciplines and culinary arts. Sale to EDMC In 1968, the Pittsburgh-based Education Management Corporation (EDMC) acquired the Art Institute of Pittsburgh, later creating a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argosy University
Argosy University was a private for-profit university with campuses throughout the United States owned by Dream Center Education Holdings (DCEH), LLC and Education Management Corporation. On February 27, 2019, the U.S. Department of Education stated that they were cutting off federal funding to Argosy University. All Argosy campuses were officially closed shortly thereafter. 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 founding chairman of Argosy Education Group, which acquired the University of Sarasota in 1992. The University of Sarasota was a business and education-focused school and was founded in 1969. Six years l ... [...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, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South University
South University is a private for-profit 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. 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, that name was changed to South College. In 2001, the Southern Association of Colleges and Schools accredited South College at the master's level and the school was renamed South University. This name change resulted in a 2002 le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dream Center
The Dream Center is a 501(c)(3) nonprofit Christian Pentecostal network of community centers based in Los Angeles, California, established in 1994. The president of Dream Center is Matthew Barnett. History The organization was founded in 1994 by Pastor 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, it transformed it into a 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 ... [...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 in the United States, For-profit colleges have been the most recognizable for-profit institutions, and more recently with online program managers, but commercialization has been part of US higher education for centuries. Privatization of public institutions has 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. A student could take any courses, and they generally did not offer degrees or dormitories or extra-curricular activities. Typically they hired local businessmen to give occasional courses. In the 1830s and 1840s, proprietary business schools in Boston, Brooklyn, and Philadelphia off ... [...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. Founded in 1966, it was acquired by Westcliff University in 2019. It offers full and part-time programs and is approved by the American Bar Association. Western State pays a fee to receive services from the 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 ... [...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 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-most-populous city, with a 2024 estimated population of 148,808. The Savannah metropolitan area, Georgia's List of metropolitan areas in Georgia (U.S. state), third-largest, had an estimated population of 431,589 in 2024. Savannah attracts millions of visitors each year to its cobblestone streets, parks, and notable historic buildings. These include the birthplace of Juliette Gordon Low (founder of the Girl Scou ... [...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'' (''The Huffington Post'' until 2017, itself often abbreviated as ''HPo'') 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 eating, young women's interests, and local news featuring columnists. It was created to provide a progressive alternative to conservative news websites such as the Drudge Report. The site contains its own content and 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 Arianna Huffington, Andrew Breitbart, 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 million, with Arianna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), 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 so 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 Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
