by Ben Unglesbee
January 7, 2019
ECA’s sudden closure was indicative of broader issues in the for-profit sector and raised far more questions than the company or regulators have been able to answer so far.
Chief among those questions was why ECA had no teach-out plans in place and why the shutdown was so sudden. (Some employees have said they were just as clueless about the closure as students and several have sued ECA over alleged failures to give legally required warnings about the layoffs.)
Gunderson’s points about bankruptcy were made (continue reading…)