Monday, February 18, 2019

Uncertainty looms as 2 more Art Institutes prepare to close - Ben Unglesbee, Education Dive

The Pittsburgh location submitted closure plans to state regulators while keeping students and faculty in the dark about its future. At least two more Art Institutes still controlled by Dream Center Education Holdings (DCEH) are slated for closure as uncertainty looms over the organization's remaining schools. DCEH unloaded eight Art Institutes in a deal with another nonprofit in January. The organization itself and its remaining colleges went into receivership later in the month. DCEH, which is owned by the faith-based Dream Center Foundation, has faced heavy operating losses and mounting problems with creditors and landlords since buying the Art Institutes out of bankruptcy from Education Management Corp. (EDMC) a little more than a year ago. https://www.educationdive.com/news/uncertainty-looms-as-2-more-art-institutes-prepare-to-close/547459/