With the possibility of 30 percent unemployment... https://collegemeltdown.blogspot.com/2019/02/workers-expose-subprime-college-crash.html
Topics regarding layoffs at Bridgepoint Education Inc.
Who was the last one? https://www.sec.gov/Archives/edgar/data/1305323/000130532320000027/form8-kxitem502evpoper.htm
"CHANDLER, Ariz., March 26, 2020 /PRNewswire/ – As U.S. jobless claims reached unprecedented levels, education technology service provider Zovio (ZVO) (Nasdaq: ZVO) announced today it would hire more than 200 enrollment advisors in the next four... — read more
Andrew Clark sent out an email saying: "Effective Immediately, I have terminated Greg Finkelstein and he is no longer employed at Zovio" Looks like they found a sacrificial lamb for the historically low stock price, although no one liked working... — read more
Can anyone explain how Zovio is going to pull this rabbit out of the hat? From Zovio's latest SEC Form 10K regarding Department of Education financial responsibility scores for Ashford University: "The composite score is a number between negative... — read more
“Ashford University preyed on veterans and people of modest means,” Attorney General Xavier Becerra said in a statement. “This for-profit college illegally misled students about their educational prospects and unfairly saddled them with debt.”... — read more
Zovio shares surged 30 percent today. Anyone know what caused the dramatic change?
"Zovio (ZVO) (Nasdaq: ZVO), an education technology services company, announced today that Fullstack Academy, a Zovio subsidiary, has partnered with Louisiana State University to offer two coding programs... — read more
Donated 200 junk computers? Hope they scrubbed them of incriminating evidence. https://markets.businessinsider.com/news/stocks/zovio-donates-200-computers-and-three-printers-to-amerischools-via-az-strut-1028847956
Nobody has entered into an agreement with Zovio Except for Ashford for services. Zovio has no real profit without Ashford. Take my word that Zovio has no tech, and all of this just means that Zovio can become even more shady with prospective students... — read more
Down to $70 million in cash and had to take out a $100 million loan for 15 percent interest!!!! The sham is up and now they will be gone within a few years
Guess the shareholders were not amused by news of the "transition" news. Paying for the transition, a $103 million loan at 15 percent annually, sounds like a company that has issues. I know I thought Zovio had found a free market patsy, as Kaplan... — read more
Looks like Zovio may have c-apped out. Wonder how the shareholders will take this. https://seekingalpha.com/pr/17740545-zovio-announces-letter-of-intent-ashford-university-nonprofit-entity-to-convert-and-separate
"Our goal is to close the proposed separation and conversion or announce the signing of the agreement for the sale of Ashford University by the end of 2019." "As I said, our goal is to announce either the close of the conversion or assign... — read more
Word on the street is that key staff have been notified of a meeting this Thursday.
"He found a website listing Ashford University as friendly to service members and veterans. He said the online for-profit university promised him a comprehensive slate of classes and flexibility in scheduling them, so he signed up. His relationship... — read more
I'd like to know more about rumors that Ashford instructors were pressured to pass students. My College Meltdown email is easy to find.
PR Newswire CHANDLER, Ariz., Nov. 14, 2019 /PRNewswire/ – Zovio (ZVO), an education technology services company, cut the ribbon at their new Chandler Headquarters yesterday. Andrew Clark, Founder, President, and CEO of Zovio, was joined by over... — read more
The full-time Corporate Communications Specialist position is a key part of the communication team at Zovio. We’re looking for someone who enjoys writing stories, planning events, managing projects, and reporting results. This role will have a lot to... — read more
I hear Ashford profs have been pressured to pass all their students, that some students have been granted degrees despite not meeting degree requirements, and that plagiarism has been ignored. Any truth to that? If so, how rampant is it?
SB does not want Ashford to shut down. He and others are seeking justice for students and teachers. How will Zovio respond? https://www.youtube.com/watch?v=gNe9RvWLYJg&t=113s https://www.youtube.com/watch?v=9au2O18D-gs
Is this right?
Several people in higher education have compared an Ashford University deal with a state university to the Kaplan Higher Education-Purdue University Global deal. And does sound like AU may have several suitors. So what has happened to Kaplan... — read more
"Zovio does not have the assets, such as cash on hand, for a safe conversion over the long run. And this lack of assets would make the buyer school more responsible for finances during the conversion." " the most logical buyer would be a school... — read more
"As Betsy DeVos’s Department of Education works this morning to outsource more and more taxpayer-funded student aid to predatory for-profit online education companies, Wall Street investors see a new gold rush. Seeking to avoid the stigma and... — read more
ZVO shares continue to rebound, from a low of $1.39 to $2.66 today. Guess investors think there is a good deal in the making.
Someone is still doing very well. https://www.sec.gov/Archives/edgar/data/1305323/000130532319000035/a8-k2019ltiawards.htm
when parts of the school are in chaos? Is there a college or department that is doing ok?
Really? "There are several public university systems that may be interested in purchasing Ashford, said Urdan….The University of Massachusetts and George Mason University are both rumored to be considering... — read more
"The online university, seeking transition from for-profit to nonprofit, suffers enrollment losses resulting in layoffs of 300 there and at its parent... — read more
Things are bad!!!!!! Running out of money like crazy. Bye bye zovio
Revenue for the three months ended September 30, 2019 was $104.3 million, compared with revenue of $112.8 million for the three months ended September 30, 2018. Operating loss for the three months ended September 30, 2019 was $7.8 million... — read more
"Zovio Employer Services has teamed up with Pacific Seafood to expand their employee tuition benefits, making it possible for more than 3,000 of their... — read more
CHANDLER, Ariz., Oct. 23, 2019 /PRNewswire/ – Zovio (ZVO) will release its third quarter 2019 financial results after market close on Wednesday, October 30, 2019. Zovio will host a conference call and webcast for investors and analysts to discuss... — read more
Is anyone going to CCME in 2020?
Even with all the support from DC, Zovio continues to spiral downward. ZVO cannot just cut their way out of this mess.