Charter College (United States)

Charter College is a network of private, for-profit colleges[1] in the United States. They offer programs in healthcare, business, veterinary science, information technology, and select trade careers. Charter operates campuses in five states and offers certificates, associate, and bachelor's degrees. Fully online programs are available for select programs.

History

Charter College was founded in 1985 (1985) by Milton Byrd, former provost of Florida International University and President of Chicago State University with a campus in Anchorage, Alaska. Charter has opened campuses in 14 additional cities and has added online degree programs, as well.

In 2016, Charter Institute was developed to bring the Charter education approach to New Mexico.

Risk of closure in 2023

In the spring of 2023, the state of Washington listed the school as "at risk" due to the companies financial status. The school was forced to notify all incoming and existing students as well as present a closure plan to the state.[2] A few months later, the state of Alaska also listed the school as "at risk" due to the company's financial status. The school was forced to notify all incoming and existing students as well as present a closure plan to the state. The college reported a net operating loss of 5.2 million dollars with a negative cash flow of 6.6 million dollars, further depleting the cash reserves of the company. Mass layoffs occurred at or around the time of this report. The school was unable to secure the required surety bond that was requested by the state of Alaska.[3]

Accreditation

Charter College is accredited by the Accrediting Bureau of Health Education Schools to award bachelor of science degrees, associate of applied science degrees, certificates, and non-credit courses. Charter College also holds programmatic accreditation for the Associate of Applied Science in Nursing program from the Accrediting Commission for Education in Nursing.

References
  1. "Accreditation | Charter College". Chartercollege.edu. 4 March 2012. Retrieved 2019-10-20.
  2. https://wsac.wa.gov/protecting-education-consumers
  3. https://acpe.alaska.gov/Portals/3/NewReleases/July_13_2023_ACPE_Summer_Quarter_Commission_Meeting.pdf

61°11′47″N 149°50′21″W

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