Education Management Corporation (EDMC) is a provider of post-secondary education in North America, with approximately 158,300 enrolled students as of October 2010. The Company offers academic programs to its students through campus-based and online instruction, or through a combination of both. The Company’s educational institutions offer students undergraduate and graduate degrees, including doctoral degrees, and certain specialized non-degree diplomas in a range of disciplines. These disciplines include media arts, health sciences, design, psychology and behavioral sciences, culinary, business, fashion, legal, education and information technology. Each of the Company’s schools located in the United States is licensed or permitted to offer post-secondary programs in the state in which it is located, accredited by a national or regional accreditation agency and certified by the United States Department of Education.