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The Biden administration is erasing $6.1 billion in federal student debt for 317,000 former attendees of The Art Institutes, a defunct for-profit chain of art colleges, officials announced ...
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As many as 13 Art Institute campuses remained open in 2019, [46] [47] with the remaining schools facing financial struggles. [48] In 2022, the Art Institute was one of 153 institutions included in student loan cancellation due to alleged fraud.
EDMC was incorporated in Pennsylvania in 1962 and acquired its first educational institution in 1969 with the purchase of the nearly 50-year-old Art Institute of Pittsburgh. [26] [27] [28] In June 1986, Robert Knutson and Merrill Lynch Capital Partners led a recapitalization of the company in which Richard Royston, co-CEO, was bought out.
The Art Institute of Virginia Beach is closing its doors at the end of the month, along with all other branches and campuses of The Art Institute system. The closure was announced on the college ...
The Art Institute of Pittsburgh was a private art college in Pittsburgh, Pennsylvania. The school emphasized design education and career preparation for the creative job market . It was founded in 1921 and closed in 2019.
The Art Institute of Portland was a for-profit art school in Portland, Oregon, which briefly operated as a non-profit institution before it closed in 2018. The school was one of a number of Art Institutes , a franchise of for-profit art colleges with many branches in North America, owned and operated by Education Management Corporation .
Many Art Institute campuses shuttered by the end of 2019, including one in Kansas City. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...