Everest Institute
| Type | non-profit career school |
|---|---|
| Established | 2007 |
| Founder | Corinthian Colleges |
|
Parent institution
|
Zenith Education Group (Educational Credit Management Corporation) |
| Location | United States |
| Website | www |
Everest College is a system of colleges in the United States, and with Wyotech, make up Zenith Education. It was until 2015 a system of for-profit colleges in the United States and the Canadian province of Ontario, owned and operated by Corinthian Colleges, Inc. In 2015, Corinthian ceased operating and filed for bankruptcy. While most Corinthian-owned colleges were closed in early 2015, Educational Credit Management Corporation (ECMC), a non-profit, took ownership of more than half of Corinthian Colleges' campuses, including many Everest College campuses. As of 2016, 19 ECMC-owned Everest locations remain in operation. At least 10 more campuses were closed or in the process of closing in 2016.
The Canadian branches were not purchased by ECMC and remain closed.
Following significant downsizing, Everest graduates still express concerns that their degrees are worthless.
In 2016, Corinthian Colleges was compelled to pay more than $1.1 billion to the State of California, in part for defrauding thousands of students. The judge ordered restitution of $820 million for students and civil penalties of $350 million. According to the California State Attorney General 'For years, Corinthian profited off the backs of poor people—now they have to pay. This judgment sends a clear message: There is a cost to this kind of predatory conduct.'
More than a thousand former Everest College students have been afforded debt relief by the US government because of Everest's questionable business practices. Thousands more may get debt relief.
In 2007, Corinthian Colleges consolidated a number of schools under the Everest brand name. Former schools that became Everest Colleges include: Bryman College, Ashmead College, Mountain West College, Olympia College, Kee Business College, Parks College, Western Business College, Blair College and Springfield College. In December 2007, Corinthian Colleges, Inc. (CCi) re-branded their Ontario campuses as Everest College and sold the remaining campus locations across Canada to the Eminata Group.
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Wikipedia