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American InterContinental University history
American InterContinental University company history timeline
American InterContinental University (AIU), formerly known as the American College for the Applied Arts, was established in 1970.
American InterContinental University (AIU) was founded in 1970 in Lucerne, Switzerland by American couple Jack and Helen Barnette of Atlanta, and was first known as the American Fashion College of Switzerland.
By 1978, the school had approximately 300 students, and began to expand its course offering beyond fashion to areas such as business.
Steve Bostic bought the school in 1996 and changed its name to American InterContinental University.
Established in 1998, Trident University International was the first 100% online university to gain institutional accreditation from WSCUC. Trident has a specially designed learning model unique in online education.
In 2001, AIU was acquired by its current owner, Career Education Corporation, which is a publicly traded operator of for-profit schools.
On June 21, 2005, the United States Department of Education put a freeze on approving CEC's new applications for additional campuses or acquisitions while it examined the company's financial records and compliance with federal student aid regulations.
In 2009, AIU had over 15,000 students and offers a wide range of undergraduate and graduate degrees in programs such as business, IT, criminal justice, healthcare management, education, and media production.
In March 2019, Career Education Corporation acquired Trident University International, an online for-profit college with approximately 4,000 students, and planned to merge this acquisition into American InterContinental University.
In March 2020, Capitol Forum reported that the US Department of Education allowed AIU to defer $39 million in Title IV money to avoid violating the 90-10 rule.
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American InterContinental University competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Trident University International | 1998 | $9.2M | 226 | - |
| University of Management and Technology | 1998 | $4.8M | 70 | - |
| California Southern University | 1978 | $8.5M | 182 | - |
| Cape Cod Community College | 1983 | $49.9M | 494 | 14 |
| The College of Westchester | 1915 | $5.2M | 100 | - |
| Tiffin University | 1888 | $4.1M | 100 | 17 |
| River Valley Community College | 1968 | $5.1M | 134 | - |
| Goodwin University | 1999 | $55.2M | 100 | 48 |
| Georgia Southwestern State University | 1906 | $20.0M | 404 | 44 |
| Dawson Community College | 1940 | $5.6M | 92 | - |
American InterContinental University history FAQs
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American InterContinental University may also be known as or be related to American InterContinental University, American Intercontinental University, American Intercontinental University, Inc. and Career Education Corporation.