Business School
Education Management CorporationAbout
This business has 1 alert
Important information
- Additional Info:
In June 2018, Education Management Corporation (EMDC) filed for Chapter 7 bankruptcy and is no longer in business. On May 1, 2024 the Biden administration on Wednesday announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of The Art Institutes. The relief will go to borrowers who enrolled at any of the dozens of Art Institute campuses across the country between Jan. 1, 2004, and Oct. 16, 2017.
The U.S. Department of Education, which reviewed evidence provided by the attorneys general of Iowa, Massachusetts and Pennsylvania, concluded that the schools and its parent company, the Education Management Corp., or EDMC, made “pervasive and substantial” misrepresentations to prospective students about post-graduation employment rates, salaries and career services.Eligible borrowers will get the forgiveness automatically. The Department of Education will begin notifying eligible borrowers that they are approved for discharges. Borrowers do not need to take any action. The Department will take immediate steps to pause loans identified for discharge so borrowers do not make further payments. This ensures that they will not face any further financial demands from these loans during the time needed to process their discharges. When their discharges are processed, borrowers will see any remaining loan balances adjusted and credit trade lines deleted. Payments borrowers made to the Department on their related federal student loans will also be refunded.
Business Details
- BBB File Opened:
- 6/30/2005
- Business Started:
- 1/1/1962
- Type of Entity:
- Corporation
- Alternate Names:
- Art Institute of Pittsburgh
- Argosy University
- Brown Mackie Colleges
- South University
- EDMC
- Business Management:
- Mr. Mark McEachen, C.E.O.
- Mr. Tim Fitzgerald, Director of Student Affairs
- Mr. Bari Read, Officer, Office of Student Conduct and Resolution
- Mr. George Sebolt, President
Additional Contact Information
- Principal Contacts
- Mr. Mark McEachen, C.E.O.
- Mr. George Sebolt, President
- Customer Contacts
- Mr. Bari Read, Officer, Office of Student Conduct and Resolution
- Fax numbers
- Primary Fax: (412) 995-7323
Additional Information
- Other Resources
- Pennsylvania Department of Education
333 Market Street
Harrisburg PA 17126
Phone Number: (717) 783-6788
Fax Number: (717) 783-0583
http://www.education.state.pa.us/ - Business Categories
- Business School
More Resources
Featured Content
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.