New Jersey-based chain of for-profit colleges is closing all its Ohio campuses, including two in Cincinnati. In September, the Lincoln College of Technology’s Tri-County campus will be closing. Scott Shaw, president and CEO of Lincoln Educational Services Corporation, said that students who do not graduate by the deadline will be transferred to another school or their tuition refunded.
Shaw said to me that the populations were too small, considering the economy
It is closing its locations in Dayton and Toledo, Cleveland, Cleveland, and Florence, Ky. It will still operate 38 other campuses in the country.
Shaw also mentioned a change to federal law as the reason for closing schools. Title IV regulations were amended last year to remove eligibility for loans for laptops for medical students who have not completed high school.
Shaw estimates that Cincinnati would suffer a loss of about 12 employees and 30 students. Shaw stated that employees from the closed campuses would be offered jobs or laid off as soon as they become available.
Lincoln Educational Services Corporation Announces Closing Five Campuses
WEST ORANGE (N.J.), June 20, 2013, (GLOBE NEWSWIRE), — Lincoln Educational Services Corporation (Nasdaq :LINC) (“Lincoln”) announced today that it will close four Ohio campuses and one Kentucky campus. The five schools will cease operations at or before December 31, 2013.
“Federal legislation that was implemented July 1, 2012 and prohibits Ability-to-Benefit students from taking part in federal student aid programs has resulted in a dramatic drop in the number students attending these five campuses,” said Shaun McAlmont (Lincoln’s Chief Executive Officer). “We evaluated the productivity and potential of each campus during this difficult economic period and decided that they weren’t sustainable.”
“We are extremely grateful to our faculty and staff on each campus who provided our students quality, career-oriented training,” said Mr. McAlmont. “We are very disappointed that we won’t be able continue to train these students. We are committed to providing Lincoln for our current students who will graduate before December 31, 2013. ATB students are still being marginalized by legislation that does not treat them the same as ‘traditional’ students. ATB participate students are often the most in dire need of skilled training. Their inability to access federal financial aid programs severely restricts their ability to improve their lives by continuing education.
McAlmont stated, “Closing schools is never easy.” We have an obligation to take tough decisions when necessary to improve our company. We will make continued investments and direct resources in a way that will provide the highest value for our students and shareholders.”
About Lincoln Educational Services Corporation
Lincoln Educational Services Corporation offers a variety of career-oriented post-secondary education. Lincoln offers diploma and degree programs for recent high school graduates as well as working adults in five main areas: automotive automobile technology book and health sciences. Since 1946, Lincoln has been providing skilled technicians to the workforce. Lincoln currently has 38 campuses and 5 training locations in 17 states. It operates under five brands: Lincoln College of Technology and Lincoln Technical Institute. Euphoria Institute of Science and Beauty Arts and Sciences, Lincoln College of New England, Lincoln College of Technology and Florida Medical Training Institute.
Lincoln College of Technology-Columbia Overview
Lincoln College of Technology-Columbia, a private institution that is not for profit, is located in Columbia Maryland. The campus is in a city that has 749 students. The school uses a program-based academic calendar. The student-faculty ratio in the school is 22 to 1. An associate degree is the highest degree available at Lincoln College of Technology-Columbia. Open admission is a policy at the school.
- There is no application fees
There are 4 fields that students can study to earn certificates and degrees. Popular programs include: Personal and Culinary Services, Mechanic and Repair Technologies/Technicians, and Construction Trades.