The-Art Institutes is closing down 15 of its locations. The university, possessed by Education Management Corp., or EDMC, located in Pittsburgh, is among 15 Art Institutes Global campuses across the nation being phased-out over the next 2 to 3 years.
The actions may impact about 200 workers and 5,432 students nationwide.
Art Institutes Worldwide isn’t connected to the Kansas City Art Institute, an exclusive, 4-yr school in Iowa City.
Art Institutes Global will not be allowing any new students into its applications at its Lenexa place, stated EDMC spokesperson Bob Hardman. The 300 students previously registered there may be permitted to complete their levels. The school may continue providing lessons “until the final student grads,” Hard-Man mentioned.
“We plan to carry through our dedication to assist our students reach their education and career aims.”
He explained EDMC, which manages 51 Art Institutes Worldwide campuses, experienced a restructuring last month and decreased a $1.5 billion debt to $400-million. The closings will leave 36 of its campuses available.
EDMC is the newest personal, for profit college to pronounce fiscal problems. Two months past, DeVry College announced it was shutting 14 campuses. Last month, Corinthian, among the biggest for profit schooling functions in the nation, shutdown. And in Feb, yet another large one, Kaplan, marketed all 38 of its own universities.
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