In May 2015, EDMC announced that it was closing 15 of the Art Institute locations. The city claimed AI used deceptive marketing tactics resulting in underestimated program costs for students and inflated job placement figures for graduates. In 2014, an investigation by the City Attorney of San Francisco's office led to a $4.4 million settlement. The Art Institute of Pittsburgh was one of the schools listed. In 2014, the US Department of Education reported that ten EDMC campuses, including several Art Institutes, were placed under heightened cash monitoring. Charles Restivo, Group Vice President, became the Interim President of The Art Institutes. In June 2013, EDMC announced that its President John Mazzoni would resign effective July 14, 2013, after 27 years at the organization. Under this plan, the company pledged to maintain the current cost of tuition through 2015. In February 2013, EDMC announced plans for a three-year-old tuition freeze at The Art Institutes. EDMC attributed the drop in enrollment to limited access to Parent Loan for Undergraduate Students and the economic recession. In 2012, The Art Institute schools began to experience a decrease in the number of new students enrolling, seeing enrollment numbers drop by approximately 20 percent between the second quarter of the 2012 fiscal year and the start of 2013. According to Pantzke, "Being a soldier, you don't want to quit, you don't want to give up or fail." After doing his own research, Pantzke concluded that the degree he was pursuing wasn't "worth much more than the paper is worth," and felt he was "throwing away taxpayer money" by using GI Bill funds. In the documentary, Iraq war veteran Chris Pantzke discussed the lack of disability services at the school. In 2011, Frontline released a documentary titled Educating Sergeant Pantzke. Please help update this article to reflect recent events or newly available information. In 2001, there were around 20 campuses of The Art Institutes this grew to approximately 30 locations in 2006 when the school's parent company was acquired by Goldman Sachs,Providence Equity Partners, and Leeds Equity Partners In 2009, EDMC became a publicly traded corporation, reaching 50 Art Institutes in 2010. The Art Institutes expanded through the acquisition of existing art colleges and the establishment of new Art Institutes. Starting in 2000, The Art Institutes began offering bachelor's degrees and, in 2001, launched its distance education program, Art Institute Online, which began offering bachelor's and non-degree programs online. The Art Institutes system was created in 1969 when Education Management Corporation (EDMC) acquired The Art Institute of Pittsburgh, which was founded in 1921. The student debt group "I Am Ai" has acted as a support group for students and former students of the Art Institutes, offering advice about debt cancellation. These efforts are premised on allegations they were defrauded. The Art Institutes have faced accreditation and legal issues and student loan debtors have appealed to the US Department of Education for debt cancellation through defense to repayment claims. The Art Institutes offer programs at the certificate, associate's, bachelors, and master's levels. Since 2019, the schools have been owned by Education Principle Foundation (formerly known as Colbeck Foundation), a non-profit that also owns South University. The Art Institutes ( AI) are a collection of independently operated art schools in the United States.
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