... — read more
TN selling shares?
https://www.republicreport.org/2022/why-is-perdoceos-chair-selling-so-much-company-stock/
Department of Education and Federal Student Aid Invite Tips and Information from Knowledgeable Sources on Potential Violations by Institutions
In furtherance of its oversight responsibilities, Federal Student Aid (“FSA”) issues this bulletin to solicit information from knowledgeable sources about potential violations of the Higher Education Act and its implementing regulations. FSA has... — read more
Machine Learning
"We are making necessary investments to upgrade our student-serving systems and to continue to leverage data analytics and machine learning to enable timely and relevant engagement with our students. We launched a new student relationship system that... — read more
Help for consumers misled by CTU, AIU, and other Perdoceo/CECO Schools.
The Sweet v Cardona group helps consumers get debt relief after they have been misled. Please pass this on to all the people you hurt. It may assuage your subconscious guilt. https://www.facebook.com/groups/801761750635952/about/
Cal Southern?
Another subprime school that sounds like a good school? What could possibly go wrong? #collegemeltdown https://www.calsouthern.edu/history/
Perdoceo and US Higher Education History
"In 2015, Corinthian Colleges and Le Cordon Bleu went out of business. A year later ITT Tech closed all of its doors. The Art Institutes also closed dozens of campuses. In 2018, Virginia College campuses closed, and Kaplan Higher Education sold its... — read more
Sweet v Cardona
How many Borrower Defense claims have been made against Perdoceo schools? https://predatorystudentlending.org/cases/sweet-v-devos/
Bad private loans and insider trading?
Doesn't sound good...
Earnings Call
"With that said, total student enrollments at December 31, 2021 decreased by 5.4% as compared to the prior year end." https://seekingalpha.com/article/4490306-perdoceo-education-corp-prdo-ceo-andrew-hurst-on-q4-2021-results-earnings-call-transcript — read more
College Meltdown 2.0
"College Meltdown 2.0 comes as the Coronavirus Pandemic becomes more normalized, student loan debt approaches $2 trillion, and the 2026 enrollment cliff is just a few years away. This wave includes remnants of for-profit colleges like zombie college... — read more
What happens with all the CTU and AIU students with insurmountable debt?
The end up as lifelong customers of Maximus. https://www.highereducationinquirer.org/2022/01/maximus-student-loan-debt-and-poverty.html
New CEO
https://seekingalpha.com/news/3790094-perdoceo-education-names-andrew-hurst-as-president-and-ceo
Higher Ed Call Center Rep
$15-17 an hour. Slightly better than working for Maximus.
"Perdoceo Education: 2 Sides Of A Very Puzzling Coin"
The upside of layoffs is that it reduces expenses. If you're not going to join a union, why not invest in the stock? https://seekingalpha.com/article/4452996-perdoceo-education-stock-2-sides-of-a-very-puzzling-coin#comment-89983281
Debt Sentence
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
Debt Sentence
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
When does PRDO change its model?
Why haven't enrollment people in the US replaced by workers in India? https://higheredinquirer.blogspot.com/2021/07/the-growth-of-robot-colleges.html
The calls are annoying
AIU thinks that by spoofing their calls that they can get more people to enroll? Think again.
Perdoceo Hired Hands
"Perdoceo Education Corp., operator of for-profit colleges that have repeatedly faced law enforcement actions for deceiving and abusing low-income students, announced today that Alan Wheat, a former Democratic congressman representing Missouri, has... — read more
Buyer Beware
https://www.linkedin.com/pulse/buyer-beware-servicemembers-veterans-families-need-guard-dahn-shaulis/
New Federal Legislation Protects Veterans From Predatory Schools
https://vetsedsuccess.org/veterans-education-success-hails-unanimous-passage-of-landmark-legislation-to-protect-student-veterans-and-ensure-better-oversight-of-gi-bill-colleges/ “This landmark legislation expands student veterans’ protections and... — read more
Bot U?
"One of our initiatives to expand the use of artificial intelligence (“AI”) and machine learning throughout the academic life cycle is AIU’s AI-based virtual assistant “chatbot” that we have named Lucy. Lucy has streamlined the process for... — read more
Student X
Tell me how you feel about this. http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html
The College Dream is Over
https://collegemeltdown.blogspot.com/2020/10/the-college-dream-is-over-gary-roth.html
"Edugrift": Observations of Subprime College Lead Generator
Every feel the business is just a racket? https://collegemeltdown.blogspot.com/2020/10/observations-of-subprime-lead-generator.html
Recruiting Homeless Vets?
Because it's all about the vets?
Student loan volume down 43% at CTU
https://tcf.org/content/commentary/student-loans-plummeted-summer-term/?agreed=1&session=1
CTU and AIU let off the hook by VA
https://www.militarytimes.com/pay-benefits/2020/07/08/va-clears-5-schools-to-keep-enrolling-gi-bill-students/
Republic Report on CTU and AIU
This AIU recruiter told me, “I have found many fraudulent practices and have been expected to prey on vulnerable people. I hardly sleep at night.” She added, “This is heartbreaking to me. What I’m seeing is not educators. I’m seeing... — read more
Crash
With the possibility of 30 percent unemployment... https://collegemeltdown.blogspot.com/2019/02/workers-expose-subprime-college-crash.html
"Introducing Perdoceo: Under DeVos, Predatory Practices Pay"
Names the names... https://www.republicreport.org/author/david-halperin/
Earnings down 6.7 percent
Revenues up and earnings down. Sounds like it's time for cost cutting. https://seekingalpha.com/news/3542798-perdoceo-education-q4-2019-earnings-preview
Protected by more subprime sludge at ED
https://www.republicreport.org/2020/her-firm-represented-awful-for-profit-colleges-now-shes-devoss-enforcement-chief/
"Perdoceo Education Corporation: A Solid Opportunity For Shareholders"
https://seekingalpha.com/article/4315415-perdoceo-education-corporation-solid-opportunity-for-shareholders
Higher ed assembly line
Colorado Technical University has 59 full-time instructors for 26,000 students. American Intercontinental University has 51 full-timers for about 8,700... — read more
Perdoceo?
What's a Perdoceo?
One Whistleblower
https://www.republicreport.org/2019/one-whistleblower-triggered-dream-center-demise-devos-debacle/
Digital gardening?
https://www.youtube.com/watch?v=XQLdhVpLBVE