One of the schools in receivership, the Art Institute of Seattle, is barred by state regulators from enrolling new students after it canceled and then failed to post a new surety bond, a financial instrument meant to protect student tuition in the case of campus closures and other events.
https://www.educationdive.com/news/how-buying-the-art-institutes-brought-dream-center-to-the-brink-of-collapse/546627/