"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
For those who have served
have a happy Veterans Day weekend. https://www.rallypoint.com/organizations/colorado-technical-university-colorado-springs-co
Former Career Education Corp Exec in 2U Meltdown
Remember J? https://www.linkedin.com/pulse/2u-whistleblowers-detail-rampant-overpricing-behavior-dahn-shaulis/?published=t https://www.thelayoff.com/t/11igcFCS
"Report Highlights Decline In Quality at Troubled Career Education Corp."
"A new report from the research firm Capitol Forum documents evidence that educational quality has declined significantly in recent years at the colleges operated by for-profit Career Education Corporation (CEC). The report relies on statistical... — read more
Colorado Tech #3 in GI Bill complaints
Number of POE Complaints by Main Campus "Complaints (All Campuses)" "GI Bill Students (All Campuses)" Facility Code OPE ID UNIVERSITY OF PHOENIX-JERSEY CITY 577 22,714 21000130 20988 KELLER GRADUATE SCHOOL OF MANAGEMENT-MERRILLVILLE 219 7,468... — read more
Career Education Settles with FTC
The giant for-profit college company Career Education Corporation (CEC) says it has agreed to pay $30 million to resolve a Federal Trade Commission investigation into whether it engaged in deceptive marketing to prospective... — read more
How much does Career Education Corporation pay QuinStreet for leads?
More about QuinStreet https://www.thelayoff.com/quinstreet
Redundancies=layoffs
Lastly, during the first quarter of 2019, we entered into an agreement to acquire substantially all of the assets of Trident University International (“Trident”). Trident is a regionally accredited university offering online undergraduate, master’s... — read more
"What If Online Education Simply Doesn't Work?"
"There’s already emerging consensus, for example, that online programs, sometimes referred to as distance education programs, routinely fail students in need of remediation or those without high self-motivation or advanced learning skills."... — read more
Colorado Tech spends little on instruction
Colorado Tech spends $0.08 on instruction for every dollar it collects in tuition. American InterContinental University spends 11 cents. https://tcf.org/content/commentary/how-far-does-your-tuition-dollar-go/