Career Education Corp. will offer $493.7M in debt relief to nearly 180K former students in a settlement with attorneys general from 48 states and D.C. that will close out a five-year investigation... read more
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Topics regarding layoffs at Career Education Corp.
"According to Student Veterans of America and their NVEST report, 46 percent of all people using the GI Bill do not finish school, and that 25 percent use their hard earned GI Bill on for-profit colleges. In 2017, CBS News also reported that 40... read more
How does CECO continue to recruit new students? https://seekingalpha.com/pr/17320610-career-education-corporation-reports-results-third-quarter-year-date-2018
Career Education just laid off many employees at AIU starting from the top to the bottom, because of low enrollments which has been going on for a long time now. They are also trying to rename CEC . I believe they are trying to restructure. And to... read more
Just when you thought lower ed was devolving, you find out it's even worse. https://collegemeltdown.blogspot.com/2018/10/visa-mill-promoters-drop-760k-on-key.html
"TOP DEVOS ADVISER DEFENDS FOR-PROFIT COLLEGE WORK, OUTLINES REGULATORY PLANS: Diane Auer Jones, a top adviser to Education Secretary Betsy DeVos, on Monday pushed back against criticism of her work on behalf of for-profit colleges, saying her record... read more
I knew Phoenix had a lot of conservatives and scammers, but this is becoming ridiculous. https://www.thelayoff.com/bridgepoint-education https://www.thelayoff.com/university-phoenix... read more
If you complain to the Higher Learning Commission, chances are that the complaint will go into their cylindrical file. https://www.linkedin.com/pulse/higher-learning-commission-accreditation-sign-quality-dahn-shaulis/
How long before Career Education Corporation is toast? https://seekingalpha.com/article/4193475-career-educations-ceco-ceo-todd-nelson-q2-2018-results-earnings-call-transcript
Stock prices up, revenues down. It makes no sense https://seekingalpha.com/article/4188493-career-education-corp-take-semester-2?v=1532033279&comments=show
"Twenty-one states and the District of Columbia are investigating the for-profit Career Education Corporation, which runs American InterContinental University and Colorado Technical University, over whether its student recruitment and claims of... read more
Trident University International may be in trouble for disrespecting grieving widows. They also claim to be "Military Friendly" even though they lost that designation from GI Jobs. https://www.thelayoff.com/trident-university-international
According to the GI Bill Comparison Tool, CTU made $35M from its 4,500+ students using the GI Bill and Yellow Ribbon. https://www.vets.gov/gi-bill-comparison-tool
"The Department of Education under Secretary Betsy DeVos ended for-profit college investigations, according to an in-depth report published Sunday by The New York Times. The newspaper found that lawyers and investigators working on those... read more
"Ten Senate Democrats are questioning the role and potential conflict of interest of a recently hired official at the U.S. Department of Education who has ties to the for-profit college industry. Lawmakers sent Education Secretary Betsy DeVos a... read more
Just took a look at the College Navigator. Have CTU's numbers actually gotten worse? Their graduation rate dropped from 23% down to 20% and their 3-year default rate went from 14% to 16.7%. I wonder what the number are in 2018... read more
Do you think CTU is really complying with DOD MOU? I seriously doubt it. https://www.dodmou.com/InstitutionViewSignature/GetFile?institutionId=1838
Loans not forgiven no more. https://www.yahoo.com/news/u-not-granting-loan-relief-defrauded-students-inspector-224756542--sector.html#comments
By the end of 2017, several hundred subprime college campuses and sites will have closed. Listed below are some of the subprime college campuses in the US Department of Education's latest monthly School Closings report. The agency reports are... read more
How are enrollment reps evaluated these days? Do you have to make numbers?
I stopped accepting teaching assignments with CTU and AIU because of this schizophrenic attitude towards grading. The rubrics you have to use are so 'flexible' that you can drive a truck through them. Students are used to getting good grades from... read more
I have found if you hold the students actually accountable, you will get less classes to teach. They won't tell you this, it just comes out that way. If you just pass everyone, you get more classes to teach. Has anyone else experienced this? Yup... read more
Can CECO onload the two remaining schools and do the servicing like Kaplan and Purdue? Or do they get purchased by a large hedge fund like University of Phoenix and Apollo Global Management? Do they slide down to nothing and get purchased like EDMC... read more
BlackRock, America's largest shadow bank, owns stock in several for-profit colleges: Career Education Corporation 7.9M shares Laureate Education 2.4M shares American Public Education 1.9M shares Capella 1.4M shares Bridgepoint Education 1.2M shares... read more
"CFO A.J. Cederoth will be leaving his post to pursue other opportunities after September 30. The company says that Cederoth’s departure is not the result of any dispute or disagreement. Career Education will consider both internal and external... read more
CTU is going to get in legal trouble if they continue to advertise themselves as a "Military Friendly School." CTU lost this designation more than a year ago, and Victory Media is becoming more protective of their programs as they get rid of many... read more
How is CTU doing? Any word on student numbers and cutting down of classes? Are they still okay?
Does it get any more rigged? http://www.huffingtonpost.com/entry/devos-embrace-of-predatory-for-profit-colleges-is-breathtaking_us_59b0705ee4b0d0c16bb529d0
Any word on campus closings of schools that were on teach out? Cordon Bleu? Sanford Brown?
Anybody have an opinion about the Robert Eitel and his new job of deregulating education? I know he worked for Career Education and Bridgepoint in addition to his work for Bush II... read more
I'm looking for whistleblowers who can tell us how veterans are treated at CTU and AIU.
Colorado Tech needs to stop calling itself "military friendly." They are no longer recognized as a military-friendly school, and in fact have the highest percentage of formal GI Bill complaints.
"For the quarter and year ended December 31, 2016, total revenue was $155.3 million and $704.4 million, respectively, representing a decrease of 22.4 percent and 16.9 percent, respectively, compared to total revenue of $199.9 million and $847.3... read more
Veterans Education Success is looking for people who can provide information about Colorado Tech and its exploitation of veterans. You can remain anonymous. Thank you in advance for helping our veterans... read more
CTU makes about $30M a year from veterans. They also get the highest percentage of complaints to the VA. How do they continue to con these people?... read more
Career Education Corporation is taking advantage of the ignorance of thousands of working people, and targeting service members and veterans in particular. Is anyone here willing to speak out?
What is all this "bad debt" that Career Education is writing off? Seems like a sign that the company is still in trouble. That and targeting naive veterans.
"We continue to closely monitor the continuing programs within our University Group that are in the zone or are close to the threshold for being in the zone. The most significant of these are the Criminal Justice programs at AIU and CTU, which... read more
Last week, Richard Wang, director sold 200,000 shares worth more than $2M. Mr. Wang, 40, is a co-founder and Managing Partner of Tenzing Global Management (“Tenzing Global”). http://www.nasdaq.com/symbol/ceco/insider-trades