We don't know about you, but sometimes we find ourselves fascinated with the ways in which for-profit education works within the education community in general. Despite the large number of for-profit schools out there, unless something is going wrong they just don't get that much press, especially regarding their inner-workings. Which is why we're interested in keeping an eye on the recent troubles that have hit Technical Career Institutes (TCI) and its sister college Interboro Institute, both of which are owned by the EVCI Career Colleges Holding Corporation.
According to the Times the NY State Board of Regents yesterday recommended that Interboro and TCI provide alternative placement plans for their 7,000 students in case the schools need to be shut down (a plan that is also called a "teachout").
This request comes after Interboro (and EVCI) hit up against a series of regularly actions:
"This month, the Education Department directed Interboro to cut enrollment of new students in half while it fixed problems the state had found, including too-rapid expansion, misconduct in determining student eligibility for financial aid and low graduation rates."
EVCI's president and chief executive denies any problems: "Interboro is financially viable, TCI is financially viable. EVCI is financially viable. We do no believe we will be closing our doors."
What we really want to know though is what the MTA would do if Interboro and TCI were to shut down. Somedays we feel like ads for those schools are half the ads on the subways.