Art Institute of York to close
Pittsburgh-based Education Management Corp., a for-profit operator of colleges, announced Wednesday that it will close the Art Institute of York along with 14 other Art Institute locations around the country.
A company statement attributed the move to "the realities of the education environment."
EDMC spokesman Chris Hardman said in a phone call today that the closures will take place in the next two to three years, allowing current students to complete their course work toward a degree. No specific closing date was given for the York campus, but new enrollments will no longer be accepted, effective immediately, Hardman said.
"The York campus has approximately 300 students," Hardman said. "Current students are encouraged to stay and finish their degrees at the school."
Of the 90 staffers at the York campus, 10 were released Wednesday and will receive severance benefits, Hardman said. "Most of them worked in the school's admissions office, but they won't be needed anymore since we're not accepting new enrollments," he said.
Other Art Institute locations slated for closure include Atlanta (Decatur), Fort Worth, Houston (North), Jacksonville, Kansas City, Michigan (Troy), New England, New York City, Cincinnati, Salt Lake City, Silicon Valley, Tinley Park, Washington (Dulles), and Wisconsin.
Thirty-six Art Institute locations will remain open, the company said.
Congress began investigating the recruitment and student loan practices of for-profit schools, including EDMC, in 2010.
EDMC stock closed Wednesday at 23 cents per share.