The Iron Yard, a South Carolina-based coding school with 15 locations, announced that it plans to close all of its campuses. The four-old company posted a message (http://blog.theironyard.com/2017/07/20/message-iron-yard/) on its website delivering the news: "In considering the current environment, the board of The Iron Yard has made the difficult decision to cease operations at all campuses after teaching out remaining summer cohorts." The note said the company will finish out its summer classes, including career support.
[One school with fifteen locations closing — is this an isolated problem, or just one instance of a more widespread problem? What other schools have recently closed, or are in the act of closing, in your area? --martyb]
(Score: 3, Informative) by c0lo on Friday July 21 2017, @06:52AM
Not quite. The 2009 dodgy college closure happened on the wake of GFC, which brought two things up:
a. AUD "exploded" in value, the tuition fees here became too expensive when compared with the same in USD
b. the govt began to dismantle the "permanent residency through study in Australia" policies, in place since Howard govt before.
Here's a story around those times [themonthly.com.au]
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The colleges siphoning govt grants started to appear afterwards and weren't acting on the "international connection" - sometime 2012 they were already visible enough for ABC to start taking notice [abc.net.au]. In 2016, the Vic govt cracked the "bubble" [theage.com.au]
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford