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.
You must verify your email address before signing in. Check your email for your verification email, or enter your email address in the form below to resend the email.
We've sent an email with instructions to create a new password. Your existing password has not been changed.
Create New Password
This email address was registered with a social account. We've sent an email with instructions to create a new password, which can be used in addition to your linked social providers.
Expand commentsHide comments — Join the conversation!