Education Management Corporation (EDMC)

Dream Center Education Holdings Enters Receivership, Art Institutes Collapse Leaves Thousands Stranded, $16 Million in Student Aid Disappeared

2019-01-18 00:00:00 +0000 UTC | Importance: 8/10

Dream Center Education Holdings (DCEH), a California-based religious nonprofit with no prior experience operating colleges, entered receivership on January 18, 2019, less than two years after acquiring the Art Institutes, Argosy University, South University, and Western State College of Law from the …

Dream Center Education Holdings Art Institutes Argosy University South University Western State College of Law +4 more for-profit-education nonprofit-conversion fraud college-closure student-aid-theft +2 more

Education Management Corporation (EDMC) Settles Largest-Ever For-Profit Education Fraud Case for $95.5 Million, Forgives $103 Million in Student Loans

2015-11-16 00:00:00 +0000 UTC | Importance: 9/10

The United States Department of Justice and attorneys general from 38 states and the District of Columbia reached a landmark $95.5 million settlement with Education Management Corporation (EDMC) on November 16, 2015, resolving allegations that the nation’s second-largest for-profit education …

Education Management Corporation (EDMC) Art Institutes Argosy University Brown Mackie College South University +2 more for-profit-education fraud false-claims-act student-loans whistleblower +3 more