EVERETT — Altierus Career College plans to close its Everett school by September. The school will also layoff 29 workers.* The school is located at 906 Everett Mall Way. It’s the former Everest College, which was part of the for-profit Corinthian Colleges, Inc.
Corinthian Colleges came under fire from the Obama Administration as part of a crackdown on the for-profit college industry. The concern was that the colleges were making misleading promises and graduates from some of these colleges couldn’t find well-paying jobs. Corinthian was slapped with sanctions and lacked the cash to pay for them.
Three years ago, ECMC Group, a student loan guarantee agency, formed the nonprofit Zenith Education Group to take over the 56 Corinthian College campuses. Zenith reduced tuition for students by 20 percent and re-organized under-performing programs.
This week, Zenith Group announced that it would close 21 of its remaining campuses and retrench to just three campuses — one in Florida, one in Georgia and one in Houston. About 5,400 students attend the closing campuses. The Everett and Tacoma campuses are part of the closures.
* Altierus Careeer College plans to close its Everett school by Septmember. The school will layoff 29 workers. A previous version of this story stated that the closure and layoffs would occur at earlier date.