For-Profit Colleges

COLLIN BINKLEY / AP

The Art Institute of Pittsburgh abruptly closed its doors on Friday, leaving faculty and staff unemployed, and students with uncertain futures. 

Michael Sorg / Flickr

The country’s second-largest for-profit education provider will have to pay the U.S. government nearly $100 million in a landmark settlement.

Authorities said in a news conference Monday that Education Management Corporation, or EDMC, which is based in Pittsburgh, agreed to the settlement after receiving billions of dollars in taxpayer money while using predatory recruiting practices.