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Education Management Corporation (EDMC) was a Pittsburgh, ... In 2022, the EDMC schools Argosy University, The Art Institutes, Brown Mackie College, and South ...
In May 2015, EDMC was planning on closing in The Art Institute of California, Silicon Valley, a branch campus of Argosy University. [29] In November 2015, Argosy's parent company agreed to forgive more than $100 million of student loan debt to settle claims it violated consumer protection laws. [30] In 2016, Argosy, Seattle stopped taking new ...
EDMC's demise did nothing to help former students like Hernandez, however. Struggling under the weight of more than $70,000 in loans he obtained from the Art Institute of San Francisco, he saw his ...
Nelson was CEO of Education Management (EDMC) from 2007 to 2015, bringing several Apollo Group executives to the company. EDMC's schools included the Art Institutes, Argosy University, Brown Mackie College, and South University. During his time at EDMC, the company grew into the second largest US for-profit college chain and faced allegations ...
Dream Center Education Holdings, LLC. purchased the failing assets of Education Management Corporation (EDMC) which includes Art Institutes, Argosy University, and South University in the hopes to convert them into non-profit institutions in order to avoid for-profit oversight. [11]
Argosy University, Seattle was one of 19 campuses nationwide of the for-profit [1] Argosy University, which was formed in 2001 through the merger of the American Schools of Professional Psychology, the Medical Institute of Minnesota, and the University of Sarasota.
DCEH was the parent company of the Art Institutes, Argosy University, and South University. [73] The National Student Clearinghouse reported that their for-profit college enrollment numbers for Fall 2018 had declined 15.1 percent from Fall 2017. [74] In 2019, Argosy University closed all of its campuses.
The Art Institutes' former parent company, Education Management Corporation (EDMC), was headquartered in Pittsburgh, Pennsylvania. [54] EDMC's initial public offering (IPO) was in 2009. Todd S. Nelson, who was previously the CEO of Apollo Education Group, became an EDMC board member in 2007 and the chairman of the board of directors in 2012. [55]