WyoTech

WyoTech, formerly known as Wyoming Technical Institute, is a system of US non profit colleges founded in Laramie, Wyoming in 1966 and currently owned by Zenith Education Group. Zenith Education is a division of Educational Credit Management Corporation, a student loan debt collector.

At its peak in the early 2000s, WyoTech had seven campuses offering degree and diploma programs in the fields of automotive, diesel, collision refinishing, motorcycle, marine technology, as well as construction trades. WyoTech also offered advanced training programs in applied service management; light duty diesel; advanced automotive diagnostics; street rod and custom fabrication; motorsports chassis fabrication; high performance power trains; and trim and upholstery technology.

As of 2016, Wyotech has campuses in Laramie, Wyoming, Blairsville, Pennsylvania, and Daytona Beach, Florida.

Wyoming Technical Institute, Wyotech, was founded in 1966 as an automotive-themed school, offering programs in automotive repair. The first class in Laramie had 22 students, and its classes were housed in a 9000 square foot building.

In 1969, WyoTech’s Laramie campus became accredited by the Accrediting Commission of Career Schools and Colleges, (ACCSC), formerly known as NATTS.

Corinthian Colleges purchased Wyo-tech Acquisition Corporation on July 1, 2002 for $84.4 million in cash, which was 9.5 times EBITDA. At that point there were two Wyotech campuses: in Laramie, Wyoming and a facility being constructed in Blairsville, Pennsylvania. The cohort default rate for Wyotech was 7.2 in 1998 and 5.0% in 1999.

Corinthian College's rationale for the relatively high purchase and swift expansion was based on Bureau of Labor Statistics (BLS) forecasts for a high demand for automotive technicians and a significant turnover of workers. The Bureau of Labor Statistics (BLS) forecasted a 16.7% increase in auto technicians, from 790,000 in 1998 to approximately 922,000 by 2008. WyoTech became part of Titan Schools, Inc., Corinthian College's technical division. Titan Schools offered degree and diploma programs in aeronautical maintenance, heating/ventilation/air conditioning and plumbing technology as well as the automotive and diesel programs.

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