Welcome! Login | Register
 

Nguyen: Boston Marathon Bomber’s Jury: How Did We Get Here?—After two long and snowy months, a jury…

Friday Financial Five – March 6, 2015—Bloomberg has a report on states opting to…

5 Live Music Musts - March 6, 2015—Rumor has it that it’s safe to go…

Finneran: MLK, LBJ and Savage Selma—Every white person in America should go see…

NEW: Providence Garbage Collection Postponed Due to Weather—The city of Providence has announced that garbage…

NEW: School Choice Legislation to be Introduced for Education Savings Accounts for RI Families—A bipartisan group of Rhode Island legislators has…

Twin River Announces Acquisition of Newport Grand—Twin River Announces it Will Buy Newport Grand

Kwan Among Four Named by Raimondo to RI Arts Council—Gina Raimondo has announced that Michelle Kwan, Kate…

Bishop: Keeping the Pawtucket Red Sox Without Seeing More Red in Providence—So what ever happened to ‘Meds and Eds’

Leather Storrs: What’s in a Name?—“Hey Whitney, you seem a lot peppier, guess…

 
 

NEW: For-Profit College Closes in RI

Wednesday, January 02, 2013

 

A for-profit college with one of the highest loan default rates in the state has abruptly closed, GoLocalProv has learned.

The Sawyer School, a Providence-based school that offers certificates in office information systems and medical assistance, also closed three schools in Connecticut.

Last year, GoLocalProv reported that more than 21 percent of the students who began repaying loans from the Sawyer School in fiscal years 2009 and 2010 were in default. Of Rhode Island’s higher educational institutions, only Lincoln Tech (25 percent) had a worse default rate

The Sawyer School’s closure comes on the heels of the Cranston-based Sanford-Brown Institute’s decision to close in 2014. Career Education Corp., the company that runs a nationwide chain of for-profit colleges including Sanford-Brown Institute, saw a sharp decrease in new student enrollment (down 22.3 percent) and reported losses of $30.8 million in the third quarter, which ended Sept. 30. The closing of the schools will result in approximately 900 lost jobs nationwide.

The New England Institute of Technology (NEIT) has said that it stands ready to assist students in completing their education at New England Tech, according to Seth Kurn, Executive Vice President at NEIT.
 

 

Enjoy this post? Share it with others.

 
 
:)