College-Closure

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

| 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
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ITT Technical Institute Shuts Down All 130 Campuses After SEC Fraud Charges and Federal Aid Cutoff, Stranding 35,000 Students

| Importance: 9/10

ITT Technical Institute, one of the nation’s largest for-profit college chains operating more than 130 campuses across the United States, announced on September 6, 2016, that it would immediately cease operations and close all locations, stranding approximately 35,000 actively enrolled …

ITT Technical Institute ITT Educational Services Kevin Modany Daniel Fitzpatrick U.S. Securities and Exchange Commission (SEC) +1 more for-profit-education fraud securities-fraud college-closure student-debt +2 more
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Corinthian Colleges Abruptly Closes All Remaining Campuses, Stranding 16,000 Students After Widespread Fraud Findings

| Importance: 10/10

Corinthian Colleges Inc., one of the largest for-profit college chains in the United States operating Everest College, Heald College, and WyoTech brands, announced on April 26, 2015, that it would immediately cease operations at all remaining campuses, abruptly closing 28 ground locations and …

Corinthian Colleges Everest College Heald College WyoTech U.S. Department of Education +2 more for-profit-education fraud college-closure student-debt predatory-lending +2 more
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