SD Residents to Benefit From For-Profit College Settlement

PIERRE, S.D. (AP) – Attorney General Marty Jackley says more than 120 South Dakota residents will get a share of a national settlement against a company that operates for-profit colleges.

Jackley says South Dakota joined with 38 other states in the settlement with Education Management Corporation.

The former students from South Dakota will get a combined $107,502 in loan forgiveness from the company.

The Pittsburgh-based company runs 110 schools in 32 states and Canada for chefs, artists and others, including Argosy University, The Art Institutes, Brown Mackie College and South University.

The company was accused of misrepresenting job placement and graduation rates, using high pressure sales tactics, and misleading prospective students about costs.

The company denied wrongdoing, but said it is working to bring more transparency to its recruitment practices.