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January 24, 2014
17:52 EDTEDMCEducation Management receives inquires on business practices from 12 states
Education Management Corporation announced that it has received inquiries from twelve states regarding the company’s business practices. The Attorney General of the Commonwealth of Pennsylvania has informed the company that it will serve as the point of contact for the inquiries related to the company. The inquiries focus on the company's practices relating to the recruitment of students, graduate placement statistics, graduate certification and licensing results, and student lending activities, among other matters. The company believes that several other companies in the for-profit education industry have received similar inquiries. The company intends to cooperate with the states involved.
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