For-profit brown mackie shutting down: Unterschied zwischen den Versionen

Version vom 28. Juni 2016, 11:11 Uhr

Brown Mackie College. Brown Mackie College Facebook
Brown Mackie College, a for-profit college system with locations in 15 states, has ceased enrollment at 22 of its schools, The Consumerist reported.



By Marton Dunai
MISKOLC, Hungary (Reuters) - Thousands of Hungarians protested on Wednesday against reforms of the education system by Prime Minister Viktor Orban's center-right government that they consider oppressive and heavy-handed.
The protesters say the reforms are yet another example of what they see as Orban's authoritarian style of leadership that has drawn criticism from the European Union and the United States as well as human rights groups within Hungary.
The Orban government, in power since 2010, took control of schools from local authorities three years ago and a central body now regulates all aspects of education, down to procuring chalk for rural elementary schools.
It has significantly increased teachers' workload and set a new curriculum using textbooks the critics say contain factual errors and promote very conservative views on issues such as homosexuality.

Lynch.
EDMC currently has 110 locations in 32 states, according to its website. As of October 2015, it served 91,000 students.
Since 2012, EDMC's stock has plummeted, from more than $27 a share to less than 4 cents today. The company deregistered its common stock from the Nasdaq in 2014, and stopped reporting on its quarterly financials as a result. The same year, the company underwent a debt restructuring that converted lenders' loans to ownership stakes.

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Last May, The Art Institute, also owned by EDMC, announced it would shutter more than a dozen of its campuses. EDMC has also laid off hundreds of employees of its online division, according to The Consumerist.
In November, EDMC, payed $95. If you treasured this article therefore you would like to collect more info pertaining to toeic 800 points please visit the web page. 5 million to settle a case alleging the company falsely obtained federal and state education funds. The suit was the largest false claim settlement with a for-profit educational institute in history, according to US Attorney General Loretta E.

Brown Mackie falls under the umbrella of Education Management Corporation (EDMC), the nation's second-largest for-profit college system. Goldman Sachs Capital Partners acquired EDMC in 2006, which retains partial ownership in the company today.
The announcement follows a similar pattern of downsizing for EDMC over the past year.

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