In 2013, Payscale.com found that the institute provided the worst return on tuition of all institutes of higher learning surveyed. According to disclosures the college is required to provide to the Department of Education, the overall graduation rates fell to 39% in 2012, while graduation rates among Pell grant recipients were still lower at 27%. The graduation rate fell substantially further in 2014 from 39% to 24%. New owners took control of EDMC in 2015, as EDMC entered into a debt-for-equity swap with its current owners, giving up the majority of their stock to creditors with whom they broke loan covenants.