[ad_1]
ECMC Group, the coed mortgage assure company turned nonprofit schooling providers firm, has quietly announced that it could shut the three remaining campuses of the previous Corinthian Schools for-profit chain it bought in 2015.
Altierus Profession School, as the previous Corinthian campuses are identified, “will interact in an orderly closure, with campuses remaining open till all present college students which can be following their educational plans graduate or a suitable completion plan is recognized for remaining diploma college students,” ECMC mentioned in a five-sentence discover on its web site.
ECMC is among the many former pupil mortgage guarantors which have made the transition from for-profit corporations to philanthropic (or at the least quasi-philanthropic) nonprofit organizations that make grants, present schooling providers and typically put money into corporations designed to assist college students and establishments that serve them. It focuses on profession and technical schooling, pupil switch, and different points.
ECMC made an uncommon transfer in 2015 by creating Zenith Schooling to attempt to create a path ahead for 56 Everest and WyoTech campuses and on-line applications that had been a part of Corinthian, which crumbled underneath regulatory scrutiny from the Obama administration’s Schooling Division and extreme enrollment losses. ECMC spent a whole bunch of hundreds of thousands of {dollars} however closed all however three of the campuses in 2017.
[ad_2]