Illinois Institute of Art – Schaumburg was a for-profit art school in Schaumburg, Illinois. The school was one of a number of Art Institutes, a franchise of for-profit art colleges with many branches in North America, owned and operated by Education Management Corporation. EDMC owned the college from 1999 until 2017, when, facing significant financial problems and declining enrollment, the company sold the Illinois Institute of Art – Schaumburg, along with 30 other Art Institute schools, to Dream Center Education, a Los Angeles-based Pentecostal organization. Dream Center permanently closed the Schaumburg campus location at the end of 2018.