school closure

How buying the Art Institutes brought Dream Center to the brink of collapse

How buying the Art Institutes brought Dream Center to the brink of collapse

Education Dive Court filings blame revenue tens of millions of dollars short of what its previous owner projected. By Ben Unglesbee January 23, 2019 Dream Center Education Holdings (DCEH) went into receivership last week, shortly after making a deal to transfer control of most of the remaining campuses in the Art Institutes chain. The […]

Read More
CECU Statement on Closure of Education Corporation of America Campuses

CECU Statement on Closure of Education Corporation of America Campuses

Career.org 12/6/2018 ​Following the news that Education Corporation of America abruptly closed its campuses, Steve Gunderson, President and CEO of Career Education Colleges and Universities, released the following statement: “We concur with the U.S. Department of Education’s strong statement condemning Education Corporation of America’s decision to suddenly close its campuses. […]

Read More
Collapse of For-Profit Chain Long in the Making

Collapse of For-Profit Chain Long in the Making

Inside Higher Ed By Andrew Kreighbaum After two years of an administration that has disavowed the Obama Education Department’s crackdown on for-profit colleges, there’s little sign of a comeback for the sector. On Wednesday, one of the largest credential-granting for-profit operators still standing, Education Corporation of America, said it would […]

Read More