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Education Management Corporation (EDMC) was a Pittsburgh, Pennsylvania-based operator of for-profit post-secondary educational institutions in the United States and Canada. [1] The company was founded in 1962. [2]
The United States has reached a landmark global settlement with Education Management Corp. (EDMC), the second-largest for-profit education company in the country, the Department of Justice announced today.
The government filed a multibillion-dollar fraud suit against Education Management Corporation, backing claims that it violated the law by paying recruiters based on how many students it...
The U.S. Department of Education has an online closed school search page where you can confirm your school closed. Closed school cancellation applies to loans disbursed after January 1, 1986, and covers these specific situations:
Education Management Corporation, with approximately 119,500 students as of April 2014, is among the largest providers of post-secondary education in North America, based on student...
Education Management Corporation is expected to pay nearly $90 million to settle a fraud case that was brought by former employees and joined by the Justice Department and several states.
Education Management Corp provides post-secondary education in North America. It offers academic programs to students through campus-based and online instruction, or through a combination of both. The company operates in four segments including The Art Institutes; Argosy University; Brown Mackie Colleges and South University.
The story of EDMC begins at the start of the 1970s when financier Robert Knutson joined forces with the fledgling Education Management Corporation (which had been incorporated in Pennsylvania in 1962) to purchase the company’s first school -- the Art Institute of Pittsburgh.
Education Management Corporation, which enrolls 72,000 students on 72 campuses in 24 states, agreed to sell itself on Monday to two private equity firms for $3.4-billion, marking the first...
In a deal announced Monday, the Education Management Corporation will acquire all 6.5 million shares of Argosy Education Group Inc. for $12 per share.