The Connecticut School of Broadcasting has agreed to complete unfinished classes at all of its campuses, just weeks after shutting down because lender PNC Financial seized its assets. This is extremely welcome news.
We’ve learned that DLJ Growth Capital Partners will foot the bill. A bit unclear if they’re doing this out of the goodness or their hearts or at the tip of the Connecticut AG’s boot, but it doesn’t much matter. The endgame is that students will get what they paid for (at least the education, if not the ongoing services). Worth noting that this agreement is not a reflection of PNC extending its loan (it didn’t).