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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe owner of The Art Institute of Indianapolis has announced that the school will close by the end of the year, following its decision earlier this summer to halt new enrollment.
The Indianapolis campus is among 18 nationwide that have been slated for closure by owner Dream Center Education Holdings. In addition, a total of 12 campuses in DCEH's Argosy University and South University systems are being scrapped.
"Since acquiring these schools in late 2017, we have been undergoing an ongoing process of evaluating the viability of certain campus-based programs relative to student needs and preferences in order to best support our students, both present and future," a statement on the DCEH website reads. "As a result of that examination, we have made the decision to discontinue campus-based programs for a number of schools within The Art Institutes, Argosy University, and South University systems."
In early July, DCEH said that it would stop accepting new students at the Indianapolis campus, but that current students should continue attending classes.
The Art Institute of Indianapolis, 3500 DePauw Blvd., at the Pyramids, had a fall 2017 enrollment of 500 students, according to IBJ research, and offers programs in design, film, fashion and culinary arts.
The local art institute opened in 2006 with 64 students and 25 employees. It grew to 900 students and 150 staff and faculty members by 2009, but enrollment has been shrinking in recent years.
Pittsburgh-based Dream Center is an organization specifically created to acquire the schools by the Dream Center Foundation, a religious organization based in Los Angeles.
The organization acquired the art institutes and several other education brands in 2017 from beleaguered for-profit educator Education Management Corp.
The cost of obtaining a bachelor’s degree at the school costs about $76,000, depending on the major, according to the institute’s website. Associate degrees and certifications cost significantly less.
This story will be updated.
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