Art Institutes Is Latest For-Profit To Close It’s Doors – Forgiveness Available | WHAT REALLY HAPPENED

Art Institutes Is Latest For-Profit To Close It’s Doors – Forgiveness Available

. . . . EDMC, which operates 51 Art Institutes International campuses, underwent a restructuring last month and reduced a $1.5 billion debt to $400 million. The closures will leave 36 of its campuses open.

EDMC is the latest private, for-profit school to announce financial troubles. Two weeks ago, DeVry University announced it was closing 14 campuses. Last month, Corinthian, one of the largest for-profit education operations in the country, shut down. And in February, another big one, Kaplan, sold all 38 of its schools.

This just further debases the degrees of existing graduates.

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