| Penn Foster Career School | |
|---|---|
 | |
| Address | |
200 Hickory Street , 18505
United States
| |
| Information | |
| Type | Private vocational school, Distance education |
| Established | 1890 |
| Enrollment | Approx. 140,000 |
| Accreditation | Regional: Middle States Association of Colleges and Schools National: Distance Education Accrediting Commission (DEAC) |
| Website | Official Site |
Penn Foster Career School is a U.S. for-profit,[1] regionally and nationally-accredited[2][3] distance education school offering career diploma programs and certificate programs. It was founded in 1890 as International Correspondence Schools, or ICS. Penn Foster is headquartered in Scranton, Pennsylvania.
In 1890, Thomas J. Foster, a newspaper editor, founded the school to provide coal miners with education needed to advance in their careers and improve 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 U.S. had taken an ICS course. In 1904, Foster expanded his school to the UK; this is now a separate distance education school called ICS Learn.
ICS parent company Intext was acquired by National Education in 1979.[4]
ICS became known in the 1980s for its ubiquitous television commercials featuring celebrity spokesperson Sally Struthers, a long recited list of career-skills choices, and the catchphrase "Do you want to make more money? Sure, we all do!"[5][6][7][8]
Harcourt General acquired National Education in 1997.[9] Reed Elsevier acquired Harcourt in 2001 and divested its higher education unit to Thomson Corporation.[10]
ICS was renamed Penn Foster in 2005.[11] Wicks Group, a private equity firm, purchased the school from Thomson Corporation in 2007.[12] In December 2009, Penn Foster Career School was purchased by test preparation and educational support company The Princeton Review, and in 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.[13] In 2013, Education Holdings 1 filed for bankruptcy; it exited two months later.[14][15] In 2014 Vistria Group, led by Martin Nesbitt, acquired Penn Foster.[16][17]
In December 2015, Penn Foster acquired a competency-based learning platform built by UniversityNow.[18]
Bain Capital purchased Penn Foster in 2018.[19]
