One of many United States’ largest for-profit faculty operators introduced Wednesday it’s going to shut all its campuses in December, together with 5 Virginia School areas in South Carolina and the Golf Academy of America in Myrtle Seaside.
The guardian firm, Schooling Company of America, runs Virginia School campuses in North Charleston, Columbia, Greenville, Spartanburg and Florence.
College students attending them may earn affiliate’s levels or certificates in fields together with enterprise administration, pc networking, cosmetology, dental assistant work, and heating and air con. The corporate additionally operates Culinard, a culinary faculty underneath the Virginia School model, in Greenville, based on its web site.
“After a few years of coaching college students for brand new careers, it’s with a heavy coronary heart that in the present day we announce that Schooling Company of America is closing all its profession faculties efficient with the completion of the present module or time period for many college students,” firm spokeswoman Diane Worthington mentioned in a press release to the schooling web site Inside Greater Ed. The corporate operates greater than 75 faculty campuses nationwide.
In an e mail to firm workers, CEO Stu Reed blamed his faculty chain’s current monetary struggles on new U.S. Division of Schooling guidelines that made it harder to acquire federal scholar help. He additionally wrote that the Accrediting Council for Unbiased Schools and Faculties had suspended the accreditation of ECA’s faculties on Tuesday evening.
“The Council is severely involved in regards to the academic outcomes for the roughly 15,000 enrolled college students throughout all campuses of Virginia School, LLC,” ACICS President Michelle Edwards wrote in a Dec. 4 letter to Reed.
At Virginia School’s North Charleston campus, fewer than half of scholars returned after their first 12 months, and its commencement price was 31 %, based on federal information. College students graduated with a median of $16,700 value of scholar mortgage debt and earned a median wage of $24,600 10 years after beginning on the faculty.
Attain Paul Bowers at 843-937-5546. Comply with him on Twitter @paul_bowers.