For the first time in the history of the institution there have been layoffs.
This quarter, to save $2.5-$3.5 million.
AMERICAN PUBLIC UNIVERSITY SYSTEM under Department of Ed OCR investigation? https://www2.ed.gov/about/offices/list/ocr/docs/investigations/open-investigations/tvi.html?queries%5Bstate%5D=WV
"Miyares served as president for eight years at UMGC until September 2020, and then worked in an advisory capacity with the University System of Maryland (USM) until June 2021. During this time he led UMGC through several major shifts, increased... — read more
Here's the Earnings Call... https://www.thelayoff.com/t/1dJhb3Gj
"Synergies"=layoffs? "As we have become more familiar with the Rasmussen team, its leaders and the business, we are extremely pleased that the institution we are acquiring is not only as originally understood, but even better in many respects. We... — read more
Closing the 90/10 loophole some time in 2023 means that APEI has about two years to figure something out. Grantham University already gave up and sold the school for $1 to University of Arkansas System. ... — read more
https://www.thelayoff.com/american-public-university-system Sounds like layoffs.. https://www.thelayoff.com/t/1cgyqgjQ
Graduate School USA was established in 1921 as part of the U.S. Department of Agriculture and is celebrating its centennial anniversary this year. GSUSA provides training to the federal workforce through a catalog of over 300 courses specializing in... — read more
Student loan default is a traumatic, stigmatizing experience. Because of that, many working people keep the pain of their student loan problems to themselves. https://www.proquest.com/docview/2540743739?pq-origsite=gscholar&fromopenview=true
"American Public Education (NASDAQ:APEI) to acquire Rasmussen University, a nursing- and health sciences-focused institution serving over 18,000 students at its 24 campuses across six states and online for $329M, consisting of $300M in cash plus $29M... — read more
"Purdue Global has been able to get away with these fraudulent practices because it does not receive proper oversight. The US Department of Education, the Department of Defense, the Department of Veterans Affairs, the Enlisted Association of the... — read more
Looks like Purdue University Global (aka Kaplan) is working hard to get service members and veterans. Did you see the ad in Army Times?
"In the first quarter of 2018, net course registrations by new students at APUS declined 11% and total net course registrations declined 4% compared to the prior year period. However net course registrations by returning students only declined by 3%... — read more
"American Public Education (NASDAQ:APEI) is up 3.8% and tagged a new four-year high after weekend word that it committed to a workforce reduction plan."... — read more
Does anyone have any current numbers on American Military University? According to NCES, AMU's 6-year graduation rate has dropped to 29%, and its 3-year default rate has risen to 23.6%... — read more
Enrollment is down again. https://www.sec.gov/Archives/edgar/data/1201792/000120179217000009/apeiq20630201710q.htm
Total enrollment at APUS slipped 8%, owing to a decline in enrollment of students using Federal Student Aid (FSA) and Tuition Assistance (TA) program – a trend over the past few quarters. New student enrollments at APUS -22%. New enrollment of... — read more
APEI is still making money. But it enrollments are declining, particularly at Hondros nursing school. Less money flowing from DOD (TA money) as the military downsizes.
Definitely a short seller. Someone report him.
"Total enrollment at APUS decreased 7% year over year to 89,000 owing to a decrease in students using TA and federal student aid (FSA). The decline was however lower in rate than the company's guided range of 19% to 23%. However, new student... — read more
Many have predicted that we will go down in 2015 but I can tell you that we are doing better than ever.
How is severance?