The Chronicle of Higher Education, January 24, 2014. The Education Management Corporation has received inquiries from a dozen states about the company’s business practices, the for-profit-college company said on Friday in a corporate filing with the U.S. Securities and Exchange Commission.
The office of the attorney general of Pennsylvania notified the company that it would serve as the point of contact for those inquiries, the company said.
“The inquiries focus on the company’s practices relating to the recruitment of students, graduate-placement statistics, graduate certification and licensing results, and student-lending activities, among other matters,” the filing states. “The company believes that several other companies in the for-profit education industry have received similar inquiries. The company intends to cooperate with the states involved.”