After Corinthian Colleges Inc.’s abrupt closure of the Everest Institute’s Rochester campus, several local colleges, including Monroe Community College and Bryant and Stratton College, have stepped in to help the school’s former students continue working toward their degrees, officials from the organization stated.
CCI, Everest’s parent company, closed 28 of the school’s campuses Monday, affecting about 16,000 students nationally, and an estimated 400 students in Rochester. The company said it had been unable to find a buyer for the school, due to federal- and state-imposed financial penalties.
As a result, several local colleges, including Monroe Community College, Roberts Wesleyan College, Medaille College, Empire State College, and Bryant & Stratton College, as well as a representative from the U.S. Department of Education’s Federal Student Aid Office, held an informational meeting for the school’s former students Tuesday, in order to discuss the students’ next steps, going forward.
Bryant & Stratton also held an Everest Institute Transfer Information Day, April 30, at both its Greece and Henrietta locations for students.
“Sessions will be running between 10 a.m. to 7 p.m. with the intent to provide students a college overview, and answer questions relating to credit transferability, financial aid, and job placement guidance – based on a student’s individual circumstance,” the school said in a statement. “The college is expecting over 80 former Everest students, and pleased to be able to provide the opportunity to seamlessly keep students on track to achieving their academic and career goals. BSC’s upcoming semester begins on May 6.”
Randy Bowen, assistant vice president of enrollment management at MCC, also released the following statement regarding the students’ transition:
“Completing a college degree is often a gateway to a career and financial stability, not just for the student, but the entire family. It’s important to the Greater Rochester community that we help Everest Institute students find a new path to completing their college degrees.”
“To that end, MCC has had preliminary conversations with officials from Corinthian Colleges Inc., parent company of Everest Institute. Additionally, we’re gearing up to work with Everest students on options for completing their education, including transferring of credits, and developing a program completion plan. Our MCC staff are working through the unique circumstances of these former Everest Institute students, and are ready to help them transition their studies.”
Many of the students said they had been surprised by Everest’s closing, and only found out about its sudden closure via an email from the school.
Nonetheless, officials said some of the students had been allowed to pick up their diplomas from the school during Tuesday’s information session, while others were still considering their options relative to continuing their education.
In 2013, the Everest Institute’s Irondequoit campus, formerly known as the Rochester Business Institute, celebrated its 150th anniversary in the area.