{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Brief: International Education Edition","title":"ILAC and Erin College Went Down Together. Students May Get 25 Cents on the Dollar.","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/9553020f\"></iframe>","width":"100%","height":180,"duration":389,"description":"Two of the best-known names in language travel stopped operating on the same Friday. ILAC, once the largest private English school in Canada, filed for bankruptcy and took its whole group down with it: ILAC International College, ILAC International High School and Tamwood. Erin College in Dublin and Cork closed after losing its place on Ireland's ILEP list and blamed a \"political and arbitrary\" decision.\nWe give you the facts in two minutes, then follow the money. Languages Canada's eCAP plan promises \"up to 25% of unearned tuition\" if your student can't be placed, first come first served, and only until the fund runs out. Ontario's and BC's protection funds don't cover most short ESL courses. In Ireland, the High Court record shows Erin owed €952,563 in potential refunds to visa-refused students, with €74,000 in the bank. Not political. Arithmetic.\nOur take: both schools were running on prepaid student money, and the moment it had to go back, it wasn't there. Plus three things to do Monday morning if you have students at either school, and one school to watch.\nIn this episode\nILAC files for bankruptcy under the BIA, KPMG appointed trustee, entire group closed\nEC English closed 25 schools four days earlier, 375 students in Toronto and Vancouver\nWhat eCAP actually pays, and why the provinces won't catch the rest\nErin College's \"not financial\" claim versus the court record\nTrustEd Ireland, escrow, and why Erin was running out of road anyway\nLimerick Language Centre, same court case, still open\nMonday morning checklist for agents\nSources\nILAC closure notice: https://ilac.com/community-message\nONCAP (Onex) portfolio page for ILAC: https://www.oncap.com/operating-companies/ilac-education-group\nTamwood acquisition by ILAC, 2023 (PIE News): https://thepienews.com/tamwood-international-college-sells-ilac/\nEC English closes all schools (PIE News): https://thepienews.com/ec-english-closes-all-global-schools/\nLanguages Canada statement on EC English placements:...","thumbnail_url":"https://img.transistorcdn.com/FjS77YWxrsfvnEjPUsSUBpEWO42alxZBOjh3aV0TeGI/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS80ZTVi/N2Y2N2JlZmZkNTUz/OGM5ZGRjMjFhNDM1/ZDVhNi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}