Bridgepoint Education Inc. Layoffs

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Topics regarding layoffs at Bridgepoint Education Inc.

On the spot sign ups back on

Management is pushing to get everyone signed up asap without giving them any time to think about it this is what caused the lawsuit in the first place folks

When is Bridgepoint going to report earnings?

When is BPI going to report earnings? The last report was 10-25-2017. Usually, when there is no advanced notice, the news is bad. We already know the bad news about GI Bill funding, but it may be worse if BPI also loses DOD ("TA") money. BPI has... read more
by | Post ID: @RqzQPcc
195 views | 2 replies (last )

Attorney General

I have a call scheduled with the Attorney General's office on Feb 1st to discuss my experience as an Enrollment Services Advisor and enrolling students that were nowhere near capable of making it past the 3rd class (I had one that did). How about the... read more

Ashford's problems makes Navy Times

The word is getting out in military circles... https://www.navytimes.com/education-transition/education/2017/11/30/california-sues-ashford-university-a-top-enroller-of-military-students/
by | Post ID: @QEzS39T
254 views | no replies

Bridgepoint Unethical and immoral Executive Staff

I am an ex employee of Bridgepoint education. I will not say how I was let go, but I seen and heard ALOT while employed. I seen a lot and reported a lot to HR.. While working in Finance, I seen Executive team members and corporate finance directors... read more

Washington Post article details fraud at Bridgepoint

So know you have heard what I was referring to about a month ago. Insiders knew the details about Arizona and about the shady business practices. They probably thought they could get away with it, given their ties in DC. Mike Vasquez's article in the... read more
by | Post ID: @QwMLUOQ
304 views | no replies

Oh Happy Day!

The State of California is suing Bridgepoint Education! https://www.buzzfeed.com/mollyhensleyclancy/california-is-suing-a-giant-for-profit-college-for?utm_term=.xmG3pRgbq#.qnv85YKNe The end is near!
by | Post ID: @QuHHlUo
214 views | no replies

Enrollment suspended for GI Bill vets

"Ashford University on Tuesday suspended enrollment of students using GI Bill benefits, according to a corporate disclosure filed on Wednesday. The for-profit institution, based in San Diego, made the decision days after the U.S. Department of... read more
by | Post ID: @Qhdfc2w
343 views | 2 replies (last )

Hear it now?

"This does not pass the smell test," said Carrie Wofford, president of Veterans Education Success. "How could a company that’s headquartered in California hastily open a tiny office in Arizona, pull a lot of political strings, and get Arizona to... read more
by | Post ID: @QeE9wR8
398 views | 2 replies (last )

Enrollment is down... again

Someone hit the nail on the head last week regarding enrollment numbers. And now the numbers are out. "Enrollment at our academic institutions decreased 11.9% to 42,132 students at September 30, 2017 as compared to 47,831 students at September 30... read more
by | Post ID: @PWxGogk
385 views | 2 replies (last )

More corruption ahead

The Department of Veterans Affairs (VA) intends to waive the application of applicable Federal regulations (see SUPPLEMENTARY INFORMATION) for all VA employees who receive any wages, salary, dividends, profits, gratuities, or services from, or own... read more
by | Post ID: @PJhZRje
358 views | no replies

What's Ashford's real student loan default rate?

According to the NCES, the 12-year default rate at for-profit colleges is 52%. Is Ashford any better? http://www.chicagotribune.com/business/ct-biz-for-profit-college-loan-default0-20171005-story.html
by | Post ID: @PDlTAZP
353 views | no replies

50% chance of bankruptcy within next 2 years

Worth a read: https://www.macroaxis.com/invest/ratio/BPI--Probability-Of-Bankruptcy Main issues: -Diminishing cash reserves. Down to $190M currently (on $260M market cap). True company valuation at $70M. -Constant earnings and margin issues... read more

Punishment for not generating your own business

Company is starting to go down a slippery slope. Managers are now giving corrective action if you don't generate your own students who are interested in school (referrals) in other words if you don't bring money to the table on your own you are in... read more

Bridgepoint keeping shareholders in the dark too

Shareholders must be asking what Bridgepoint is keeping quiet about. https://www.sec.gov/Archives/edgar/data/1305323/999999999717008148/filename1.pdf
by | Post ID: @OXTdy4m
498 views | no replies

Eliminating ESAs

Word is they are trying to get rid of almost all ESA's and transferring the remaining to the Denver location

5 Sales reps (esa) were fired today

Included a woman who gives birth to a child in two weeks. This place is a ghost town and now even more ...I have a feeling a lot more people will be canned This week

Bridgepoint August 2017 layoffs

Bridgepoint laid off 65 people between last Monday, Aug 14 and Friday, Aug 18, myself included. No warning, no time to bid colleagues goodbye, just boom, done and out of the building. I since heard that people in leadership and management were also... read more
by | Post ID: @OT5lJ2U
709 views | no replies

VA Warned Arizona Regulators Over Approval of Ashford

The Department of Veterans Affairs warned Arizona officials about running afoul of federal law after the state approved Ashford University’s ability to accept GI Bill education benefits, according to a letter obtained by POLITICO through a public... read more
by | Post ID: @OPr6wAm
540 views | no replies

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