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About
Penn Foster College is a private, for-profit online college with
its headquarters in Scranton, Pennsylvania. The school was founded in
1890, as International Correspondence
Schools and also formerly known as the Center For Degree Studies. Penn Foster College offers
bachelor's and associate degree programs as well as certificates.
In 1890, a newspaper editor named Thomas J. Foster
founded the school to provide coal miners with the education they needed to
advance in their careers and increase worker safety. At the turn of the
century, the school was officially known as the International Correspondence
Schools (ICS), and one out of every 27 adults in the US had taken an ICS
course. In December 2009, Penn Foster college was purchased by test preparation
and educational support company The Princeton Review from its previous owner,
the Wicks Group, a private equity firm that had bought the school from Thomson
Corporation in 2007. On May 18, 2012, the Princeton Review brand name and
operations were bought for $33 million by Charlesbank Capital Partners, a
private-equity firm. The parent company was renamed Education Holdings 1,
Inc. In 2013, Education Holdings 1 filed for bankruptcy; it exited two
months later.
Mission
Penn Foster's
mission is to enhance the lives of our students and clients through the
acquisition of knowledge, skills, and credentials that can help them work
toward their goals of advancing in their chosen field, starting a new career,
or pursuing lifelong learning.
Degrees
·
Business Management
Bachelor of Science Degree
·
Criminal Justice
Bachelor of Science Degree
·
Veterinary Technology Bachelor of Applied
Science Degree
