For-profit brown mackie shutting down
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.
Here are the basic elements:
A catchy title (e.g., "When Can You Afford to Retire?" or "Update Your Home Decor without Breaking the Bank") and brief description of your proposed class
A description of the audience you're targeting and why they would be interested
An explanation of how holding the event can benefit the organization providing space and advertising
A list of all the topics you plan to present and activities you plan to do
The duration of the class (most likely two to three hours)
It's fine to first casually discuss an idea with the local head of the organization to judge their willingness to participate. However, chances are that if you want the organization to host your class, advertise the event, and encourage their clientele to come, you'll probably need to write a proposal to explain what you have in mind.
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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.
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.
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 $95.5 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.
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