Topics regarding layoffs at Perdoceo (formerly Career Education Corp.)

Topics regarding layoffs at Perdoceo (formerly Career Education Corp.)

Student loan volume down 43% at CTU

https://tcf.org/content/commentary/student-loans-plummeted-summer-term/?agreed=1&session=1

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Post ID: @OP+16Fu1MLQ

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/

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Post ID: @OP+15Q9fxqM

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 

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Post ID: @OP+15ucoKK9

Crash

With the possibility of 30 percent unemployment... https://collegemeltdown.blogspot.com/2019/02/workers-expose-subprime-college-crash.html

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Post ID: @OP+14iFYNSO

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

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Post ID: @OP+13zn5P27

Protected by more subprime sludge at ED

https://www.republicreport.org/2020/her-firm-represented-awful-for-profit-colleges-now-shes-devoss-enforcement-chief/

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Post ID: @OP+13uEOyqY

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 

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Post ID: @OP+12J3H3S1

Perdoceo?

What's a Perdoceo?

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Post ID: @OP+12A4vyTA

One Whistleblower

https://www.republicreport.org/2019/one-whistleblower-triggered-dream-center-demise-devos-debacle/

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Post ID: @OP+122It6Qs

Digital gardening?

https://www.youtube.com/watch?v=XQLdhVpLBVE

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Post ID: @OP+11Y9UePl

For those who have served

have a happy Veterans Day weekend. https://www.rallypoint.com/organizations/colorado-technical-university-colorado-springs-co

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Post ID: @OP+11W8qXsc

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

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Post ID: @OP+11iMZziu

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 

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Post ID: @OP+10zkYXzF

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 

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Post ID: @OP+10o37zhe

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 

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Post ID: @OP+Zj2njuw

"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 

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Post ID: @OP+Zjigu22

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/

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Post ID: @OP+YI9cEDx

NBC News reports on for-profit schools preying on veterans

It's a good thing for CTU that they weren't mentioned last night. Bu they were mentioned in a print version. https://www.nbcnews.com/politics/politics-news/veterans-could-be-first-pay-devos-rolls-back-profit-college-n985891

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Post ID: @OP+YACDFua

Workers Expose Subprime College Crash in Real Time at TheLayoff.com

As the subprime college crash continues, some of the most interesting pages to watch are: Dream Center Education Holdings and the Art Institutes, University of Phoenix, DeVry University, Graham Holdings and Kaplan University, Laureate Education and... — read more 

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Post ID: @OP+XNa7f6L

Looking forward to the annual report

The last annual report came out 2-21-2018. https://www.sec.gov/cgi-bin/browse-edgar?CIK=ceco&owner=exclude&action=getcompany&Find=Search

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Post ID: @OP+XGnoaPC

DOD, VA Get Low Grades for Helping Vets Make College Choices

"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 

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Post ID: @OP+W2irfTH

Enrollment up 5.8%

How does CECO continue to recruit new students? https://seekingalpha.com/pr/17320610-career-education-corporation-reports-results-third-quarter-year-date-2018

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Post ID: @OP+VVdl647

Recent Career Education Ladd off in September 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 

How much more degrading can lower ed get?

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

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Post ID: @OP+VsWoigz

Colorado Tech and American Intercontinental University Accreditation

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/

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Post ID: @OP+V9Lybc4

CEO claims all is well

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

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| 1353 views | | 2 replies (last )
Post ID: @OP+Ut0Rtrp

CECO is prime for a downturn

Stock prices up, revenues down. It makes no sense https://seekingalpha.com/article/4188493-career-education-corp-take-semester-2?v=1532033279&comments=show

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Post ID: @OP+UpyyzV9

CTU competitor Trident may be in trouble

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

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Post ID: @OP+TGggk8h

Colorado Tech made $35M+ from vets

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

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Post ID: @OP+TdLsm3W

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