![]() On October 17, 2017, the university's former parent company, Education Management Corporation, reported that it had sold its schools to the Los Angeles-based Dream Center Foundation, a non-profit organization. South University's Savannah campus (which includes its online students) celebrated its largest graduating class in the institution's history in June 2017, when more than 3,500 students received degrees. Department of Education classifies the institution as for-profit. South University was removed from probation in December 2017 after the sale to Dream Center Education Holdings and SACS approved the university's conversion to not-for-profit status (although the U.S. ![]() ![]() In December 2016, South University was placed on probation by the Southern Association of Colleges and Schools (SACS) due to financial concerns regarding its parent company at the time, EDMC. 'Today's global settlement sends an unmistakable message to all for-profit education companies: the United States will aggressively ferret out fraud and protect innocent students and taxpayer dollars from this kind of egregious abuse.' Western District of Pennsylvania stated that 'Companies cannot enrich their corporate coffers at the expense of students seeking a quality education, or on the backs of taxpayers who are funding our critical financial aid programs. ![]() As part of the settlement, the university was ordered by the federal court to forgive more than $100.8 million in student loan debt held by more than 80,000 former students. In 2015, EDMC, South University's former parent company, was found to have violated the False Claims Act on multiple occasions through its student recruitment practices and marketing strategies. By 2013, 52 percent of South University students were enrolled entirely online. The following year, the university expanded from its main campus in Savannah, Georgia, to eleven other locations in the United States and began offering online courses. In 2003, Education Management Corporation (EDMC) acquired South University. The issue was resolved in 2003 with both schools retaining their names. The institution's name change to South University resulted in a 2002 legal dispute with Sewanee: The University of the South, which had registered the name "The University of the South" with the U.S. In 2001, the Southern Association of Colleges and Schools accredited South College at the master's level and the school was renamed South University. In 1986, the name was changed to South College. The South family acquired the institution in 1974 and changed its name to Draughan's Junior College. The private school taught accounting, banking, typewriting, bookkeeping and shorthand. South University was founded in Savannah, Georgia, in 1899 as Draughan's Practical Business College. The university is accredited by the Southern Association of Colleges and Schools Commission on Colleges. Founded in 1899, South University consists of its School of Pharmacy, College of Nursing and Public Health, College of Health Professions, College of Business, College of Theology, and College of Arts and Sciences. South University is a private university with its main campus and online operations in Savannah, Georgia, United States.
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