REPOSTED FROM DIANE RAVITCH'S BLOG
No thanks to the do-Nothing U.S. Department of Education, which sides with for-Profit, predatory “colleges,” you know, the market.
For Immediate Release
December 6, 2018
CRL Statement on Closure of Education Corp. of America Campuses
WASHINGTON, D.C. – The Birmingham, Alabama, based for-profit college owner Education Corporation of America (ECA) has announced that it is closing its campuses across the country after the Accrediting Council for Independent Colleges and Schools (ACICS) suspended their accreditation. The closure of ECA’s campuses include those operating as Brightwood College, Brightwood Career Institute, Ecotech Institute, Golf Academy of America, and Virginia College. More than 19,000 students were enrolled at ECA owned colleges.
Center for Responsible Lending (CRL) Senior Policy Counsel Whitney Barkley-Denney released the following statement:
“ECA’s closure is long overdue. Their campuses, including Virginia College, has a long record of providing substandard education at exorbitant prices. For years, CRL and other education advocates have sounded the alarm to federal and state governments about the risks and harms associated with predatory, underperforming for-profit colleges. Students who were lured to an ECA campus should have their loans discharged as they decide their next education path—being straddled with crippling student loan debt after their college failed them shouldn’t be a burden that they have to carry.”
For more information or to schedule an interview with a CRL spokesperson please email: ricardo.quinto@responsible