SEO Headline (Max 60 characters)
Nonprofit Dream Center Facing Bankruptcy
The nonprofit Dream Center Education Holdings, which owns the Art Institutes, may be at risk of going bankrupt.
In a letter to its accreditor, the Northwest Commission of Colleges and Universities, the company said that it is "at risk of becoming financially insolvent and is now working with the United States Department of Education to reorganize AI Seattle and the existing Art Institute campuses to preserve their ongoing operations."
Last week the Washington Student Achievement Council also designated the Art Institutes of Seattle as "at risk" of closing. The council oversees colleges and universities in the state.
About 30 Dream Center colleges have closed since the missionary organization purchased them from Education Management Corporation.
Share Article
Trending Stories
THE Campus
Resources for faculty and staff from our partners at Times Higher Education.
- Building resilience in students: give them roots and wings
- On students’ terms: offering options in assessment to empower learning
- Seven steps to make an effective course quality evaluation instrument
- Your starter for 10: how can a TV quiz format help courses avoid extinction?
- How reverse mentoring helps co-create institutional knowledge
From Their Professors
to Smooth Transfer Connections