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IT Academy goes bankrupt

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MIDVALE — IT Career Academy, a for-profit computer training school located at 6770 S. 900 East, has declared bankruptcy, and the 64 students who have been attending its classes will be transferred to Advanced Technical Center in Murray.

The Midvale school was to close its doors Friday, said President Robert Simpson. He cited declining market conditions for the school's problems. It has not been able to meet payroll and other obligations.

The pre-arranged plan to transfer students to the Murray school without any loss of tuition or additional costs is being accomplished through a surety bond required when proprietary schools register with the State Board of Regents. Such bonding was instituted several years ago when the schools were put under the purview of the Commissioner for Higher Education. The Utah Legislature made the move in response to closure of several private schools that left students with no way to acquire the training for which they had paid.

Don A. Carpenter, associate commissioner for proprietary schools, said ATC in Murray is "a well-established and respected computer training school that offers high-end Cisco and Microsoft technology training." It has the capacity to absorb the students displaced by the Midvale school's closure.

ATC President Jim Holm said at least two additional instructors will be hired out of the now-defunct school.During its two years as a registered school in Utah, IT Career Academy trained nearly 200 students as Certified Cisco Network Associates and 100 as Certified Cisco Network Professionals.

Students were notified of the arrangement during meetings Friday.

"This situation shows the absolute wisdom in requiring bonding for these schools. The student tuition is protected, and they lose nothing in this transition," Carpenter said.