Accreditation Being Pulled - the Next Step?Remember the folks at Everest College.
On Thursday, the superintendent of private career colleges, the independent regulator governing academic institutions like Everest in Ontario, said it suspended the chain's licence to operate in Ontario as a private college.
In a statement to CBC News, the office said it "can propose to revoke a private career college's registration if [the superintendent is] no longer satisfied that it can be expected to be financially responsible in its operation as a private career college, considering its current financial position."
However, no other reason for the Everest shutdown was given.
Reza Moridi, the Ontario minister of training, colleges and universities, addressed the situation in a statement.
"Since the suspension occurred, the superintendent [of private career colleges] has been working diligently to put training completion plans into place for students," said Moridi. "While this is still a challenging situation for students, Everest’s bankruptcy does not change these ongoing efforts, nor does it change the superintendent’s ability to administer the $3 million for the benefit of Everest’s former students through the Training Completion Assurance Fund."
https://www.cbc.ca/news/canada/kitchener-waterloo/everest-college-files-for-bankruptcy-protection-in-canada-1.2965599