National Education Center
National Education Centers, Inc (NEC) was a for-profit post-secondary education organization in North America. Through more than 50 campuses and subsidiaries, it offered career-oriented diploma, Associates and bachelor's degree programs in advertising design, architectural design, health care, business, criminal justice, transportation technology, construction trades, and information technology.
National Education Centers, a subsidiary of National Education Corporation, was incorporated in the State of California on Monday, January 20, 1964. Its primary office was located at 27 Boylston St, Chestnut Hill, MA, 02467. National Education Centers, Inc had schools and campuses across the United States. Most campuses were nationally institutionally accredited by one of two national accrediting agencies: Accrediting Commission of Career Schools and Colleges (ACCSC); or Accrediting Council for Independent Colleges and Schools (ACICS). NEC acquired the professional training firms Deltak and Resource Systems from Prentice Hall in 1986. National Education Center.[1] NEC began running into financial trouble as early as 1989 and began selling some of its assets and continued to do so through 1997.[2]
Corinthian Colleges, Inc. acquired 16 colleges from National Education Centers in 1995.[3][4] At one time, Corinthian Colleges Inc. was one of the largest companies in the United States involved in for-profit, post-secondary education. In 2000 it maintained 45 colleges in 18 states in its system, with a total enrollment of more than 18,000 students. By early 2015, Corinthian Colleges and twenty-four of its subsidiaries ceased operations.[5]
Sylvan Learning Systems Inc., agreed to acquire remaining assets of National Education Corporation in 1997. At the time of the acquisition, National Education was the world's largest provider of education through mail or computers. It also owns 83 percent of the Steck-Vaughn Publishing Corporation, one of the nation's largest publishers of supplemental education materials.[6] However, Sylvan's offer was topped by Harcourt General.[7]
Associated Organization Names
As of 1997 National Education Center was a subsidiary of Harcourt General Inc. and had several operating entities.[8]
References[edit]
Crouch, G. (1989, August 15). National Education Corp.: U.S. Asks for Plan on Student Loan Defaults. Retrieved from http://articles.latimes.com/1989-08-15/business/fi-662_1_national-education
Johnson, G. (1994, June 29). National Education Will Sell Training Centers, Lay Off 40. Retrieved from http://articles.latimes.com/1994-06-29/business/fi-9993_1_national-education
Corinthian Colleges, Inc. History. (n.d.). Retrieved from http://www.fundinguniverse.com/company-histories/corinthian-colleges-inc-history/
Gilpin, K. N. (1997, March 13). National Education Agrees to Be Acquired for $750 Million. Retrieved from https://www.nytimes.com/1997/03/13/business/national-education-agrees-to-be-acquired-for-750-million.html
Harcourt General Inc. Annual Report, Reg. S-K Item 405 - Form 10-K. (1997, October 31). Retrieved from http://www.secinfo.com/dsvRx.79b.a.htm#1stPage
U.S. Department of Education. Closed School Weekly/Monthly Reports. (n.d.). Retrieved from https://www2.ed.gov/offices/OSFAP/PEPS/closedschools.html