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“Zenith Education Group (Zenith), a newly created nonprofit provider of career school training and a member of ECMC Group, announced today that it has finalized its acquisition of more than 50 Everest and WyoTech campuses from Corinthian Colleges, Inc. and transitioned them from for-profit to nonprofit status. In keeping with its previously stated goals of increasing affordability and improving student outcomes by offering training that directly links to job placement, Zenith unveiled a suite of immediate changes, including the creation of a new Student Choice program, significant new tuition reductions and millions of dollars in new student grants, while eliminating institutional loans and providing an estimated $480 million in debt relief to current and former Corinthian students under the legacy Genesis loan program.”

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