Lincoln Tech

Lincoln Tech is an American group of for-profit postsecondary vocational institutions based out of West Orange, New Jersey.[1] Each campus is owned and operated by Lincoln Educational Services Corporation (NASDAQ: LINC), a provider of career-oriented post-secondary education.

Lincoln Tech
TypeFor-profit
Established1946
PresidentScott M. Shaw
Non-Executive ChairmanJ. Barry Morrow
Location
West Orange
,
New Jersey
,
United States
CampusMultiple campuses located in Colorado, Connecticut, Georgia, Illinois, Indiana, Maryland, Massachusetts, Nevada, New Jersey, New York, Pennsylvania, Rhode Island, Tennessee and Texas.
Websitewww.lincolntech.edu

As of the quarter ended March 31, 2019, Lincoln had 10,680 students enrolled at 22 campuses.[2]

Accreditation

Lincoln schools are accredited by the Accrediting Council for Independent Colleges and Schools (ACICS), Accrediting Commission of Career Schools and Colleges (ACCSC), and New England Association of Schools and Colleges – Commission on Institutions of Higher Education (NEASC)

In 2016, the US Department of Education stripped ACICS of its accreditation powers,.[3] However, on April 5, 2018, ACICS accreditation was restored by the DOE, pending further review.[4] The following schools are ACICS accredited and are certified to operate according to the U.S. Department of Education:[5] Somerville, MA; Iselin, Moorestown and Paramus, NJ; Las Vegas, NV; Lincoln, RI; and Marietta, GA.

History

The founder and first President of Lincoln was J. Warren Davies. The first Lincoln Technical Institute was established in 1946 in Newark, New Jersey, to serve World War II veterans returning from overseas. At Lincoln, these veterans found training programs to help them learn career-specific skills, and transition into civilian careers in installation and servicing of air conditioning and refrigeration equipment. Automotive courses were added in 1948. Lincoln established traveling schools to offer NAPA-certified training, which certified over 11,000 mechanics between 1955 and 1965.

In 1969, Ryder acquired Lincoln Technical Institute and two other technical schools with campuses in Illinois, Pennsylvania, and New Jersey. By 1977, Lincoln Technical Institute had ten campuses in Illinois, Indiana, Iowa, Maryland, New Jersey, Pennsylvania, Texas, and Washington, DC. Lincoln Technical Institute acquired court reporting school The Cittone Institute and its three campuses in 1994, leading the group to have 14 campuses by the school's 50th anniversary in 1996.

Stonington Partners and Hart Capital purchased Lincoln Technical Institute in 2000. The school continued expanding, acquiring Denver Automotive and Diesel College and Computer-Ed Business Institutes in 2001, Lincoln College of Technology in Nashville (previously the Nashville Auto-Diesel College) in 2003, and the Southwestern College of Business and New England Technical Institute[6] in 2004.

Lincoln Educational Services Corporation made its initial public stock offering in 2005, trading on the NASDAQ under the symbol LINC. California Regent Richard C. Blum (Dianne Feinstein's husband) was a key investor, with $24,000,000 in stock.[7]

Also in 2005, the group acquired the Euphoria Institute of Beauty Arts and Sciences. Further acquisitions include the Harrison Career Institute in 2007, Briarwood College in December 2008 and the Baran Institute of Technology schools (Baran Institute of Technology, Connecticut Culinary Institute, Americare School of Nursing, Engine City Technical Institute, and Clemens College) in 2009. Lincoln completed the purchase of Florida Medical Training Institute in 2012 and abruptly closed all campuses in 2014 without a teach-out.[8][9]

In 2014, The New York Times reported that 50% of all Lincoln schools failed proposed gainful employment regulations.[10] Sixty of Lincoln Tech's programs had passing rates, thirteen had "zone" rates, and five programs failed. Of the failing programs three have been closed and the remaining two are being taught-out.[11]

In 2018, the Lincoln College of New England campus in Southington, Connecticut was closed.[2]

Campuses

Lincoln Educational Services operates through the following brands: Lincoln Technical Institute, Lincoln College of Technology, Euphoria Institute of Beauty Arts and Sciences, and Lincoln Culinary Institute.

  • Headquarters: 200 Executive Drive, West Orange, NJ 07052 (Corporate Office - No classrooms at this location)[12]
  • Lincoln Technical Institute:
  • Lincoln College of Technology:
  • Lincoln Culinary Institute:
  • Shelton, Connecticut
  • Euphoria Institute of Beauty Arts and Sciences:

Closed locations

Programs

Lincoln Tech structures program offerings to provide students with a practical, career-oriented education and position for them for attractive entry-level job opportunities in their chosen fields. As of December 31, 2017,[14] Lincoln Tech offers training in five program verticals; Automotive, Health Sciences, Skilled Trades, Hospitality Services, and Business/I.T. Twelve campuses offer training in five automotive fields, eleven campuses offer training in nine healthcare fields, thirteen campuses offer training in five skilled trade fields, three campuses offer training in five hospitality service fields, and seven campuses offer training in 6 business/IT fields.

Lawsuits and investigations

Lincoln Educational Services faced an investor lawsuit on behalf of those who purchased company stock between March 3, 2010, and August 5, 2010. The plaintiffs alleged that Lincoln Educational Services issued a series of materially false and misleading statements related to its business and operations in violation of the Securities Exchange Act of 1934. The case was dismissed by the United States District Court for the District of New Jersey in September 2011.[15]

In 2013, USA Today, based on data from 2009–10, called one of the company's 31 campuses a "Red Flag school", one which has "a higher loan default rate than graduation rate."[16]

In October 2014, Massachusetts state attorney general Martha Coakley announced an investigation into Lincoln's for-profit schools in the state of Massachusetts.[17]

In 2015, Lincoln Educational Services agreed to repay approximately $1 million to graduates of its criminal justice program in Somerville and Lowell, Massachusetts. The Massachusetts' Attorney General found that students were unable to find work in their fields of study, and the company included unrelated jobs in its placement data. According to the Boston Globe, "The school also allegedly told recruiters to 'establish unhappiness, create urgency,' and 'bring out the pain' to pressure prospective students to attend the school instead of military or community college. The for-profit school instructed recruiters to contact students at least seven times within the first three days to convince them to enroll."[18]

Notable alumni
  • Manny Santos (born 1955, Class of 1977), President of the Mechanical Contractors Association of New Jersey [19]
gollark: Probably down to the nanoscale.
gollark: Bell Labs wanted to make better amplifiers, and physics™ implied that semiconductor things of some sort would allow this, so after some cycles of testing and improving theories they got basic transistors.
gollark: Transistors were invented circa 1950 as a replacement for vacuum tubes.
gollark: They are slow, big and loud however.
gollark: If you have wire and some coils you can build relays, which are also current switched switches.

References
  1. "Lincoln Technical Institute Inc Corporate Office & Headquarters". Ecorporateoffices.com. Retrieved 19 January 2018.
  2. "Archived copy". Archived from the original on 2019-05-14. Retrieved 2019-05-14.CS1 maint: archived copy as title (link)
  3. Cohen, Patricia (22 September 2016). "Government Moves to Close a Watchdog of For-Profit Colleges". Nytimes.com. Retrieved 19 January 2018.
  4. "DeVos Announces Review of ACICS Ruling, Accreditor Reinstated for Now". nasfaa.org. Retrieved 6 April 2018.
  5. "Education Department Establishes Enhanced Federal Aid Participation Requirements for ACICS-accredited Colleges". ed.gov. Retrieved 27 March 2018.
  6. Lubanko, Matthew (November 5, 2004). "Deal signed to buy New England Technical Institute". Hartford Courant. Retrieved January 6, 2015.
  7. "Billion Dollar Baby:
    The University of California invests $53 million in two diploma mills owned by a regent... Category: Page One from The Berkeley Daily Planet"    . Berkeleydailyplanet.com. Retrieved 19 January 2018.
  8. "Lincoln Educational Services Corporation Announces the Acquisition of Baran Institute of Technology and Reports Record Year-End Enrollment". January 21, 2009.
  9. https://www.firstcoastnews.com/article/news/education/medical-school-closes-door-before-students-can-graduate/77-270433968
  10. "For–Profit Colleges, Failing the Test". Nytimes.com. 2 July 2014. Retrieved 19 January 2018.
  11. "10K Reporting for Q4 2017". investors.lincolneducationalservices.com. Retrieved 27 March 2018.
  12. "Lincoln Tech Campus Locations". lincolntech.edu. Lincoln Tech operates 23 campuses in 14 US States
  13. "Lincoln Tech-Chicago campus in Melrose Park". Lincoln College of Technology. Retrieved 29 December 2015.
  14. "10K SEC Filing Details". investors.lincolneducationalservices.com. Retrieved 27 March 2018.
  15. "In re Lincoln Educational Services Corp. Securities Litigation. Civil Action No. 10-460 (SRC)". United States District Court for the District of New Jersey. September 6, 2011. Retrieved January 6, 2015.
  16. Marklein, Mary Beth; Upton, Jodi; Kambhampati, Sandhya (July 2, 2013). "College default rates higher than grad rates". USA Today. Retrieved January 6, 2015.
  17. Woolhouse, Megan (October 20, 2014). "For-profit colleges get harsh grades by former students". Boston Globe. Retrieved January 6, 2015.
  18. "Two for-profit colleges settle lawsuit with attorney general for $2.3 million". The Boston Globe. Retrieved 19 January 2018.
  19. "New President Elected". Mcanj.org. Retrieved 19 January 2018.

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