As of January 2023, there are more than ¾ of a million Borrower Defense claims against schools. And each month, about 16,000 new claims are added. Those claims are disproportionately made against a number of for-profit colleges and formerly... — read more
"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
AIU thinks that by spoofing their calls that they can get more people to enroll? Think again.
"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
"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
Because it's all about the vets?
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
What's a Perdoceo?
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
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/
The list of Argosy's "partner schools." https://www.dcedh.org/partner-institutions
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
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
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
Do you think CTU is really complying with DOD MOU? I seriously doubt it. https://www.dodmou.com/InstitutionViewSignature/GetFile?institutionId=1838
How are enrollment reps evaluated these days? Do you have to make numbers?
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
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
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
"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
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
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
Any word on campus closings of schools that were on teach out? Cordon Bleu? Sanford Brown?
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
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
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
Just in case you weren't familiar with CECO's latest board member, she was CFO of Apollo Education. http://usatoday30.usatoday.com/money/economy/2008-01-16-3477039946_x.htm
I am a financial aid advisor andmay be getting layed off from CEC , I am a bit nervous that I won't be able to make ends meet. Has anyone been offered a severance package? Anyone knows how they calculate it? Any info would be helpful.
Career Education is getting rid of its most legitimate brand, Le Cordon Bleu, and doubling down on Colorado Tech, so they can prey on vets? Does Todd S. Nelson have any ethics? He ruined Apollo Education, then helped EDMC collapse... — read more
Colorado Technical Institute looks like they are asking for a federal probe of their business practices. How bad is it at Career Education? https://www.consumeraffairs.com/education/colorado-technical-university.html
I am sorry. I have been lying for years. As you will soon find out, I short stocks for a living and have used these discussion boards to support my financial needs. I am nothing more than a liberal hack.
Looks like the Career Education Corporation Board is getting sued for giving Todd S. Nelson too much compensation. https://finance.yahoo.com/news/shareholder-alert-levi-korsinsky-llp-145000203.html
Looks like Todd S. Nelson has done the work he came here for: dismembering Career Education and making it "profitable." After leaving Apollo Group (in scandal), EDMC (in finacial ruin) , where will he go after Career Education? I had thought he might... — read more
I left in 2012, I was an instructor. I wanted to see if you are still going through layoffs. Good luck everyone, you will need it.
Sounds like Cordon Bleu is history......................... http://www.marketwatch.com/story/career-education-to-wind-down-le-cordon-bleu-operations-2015-12-16?siteid=yhoof2
"I speak with people, for example, who work at boiler room call centers for for-profit colleges and the lead generation companies that provide the industry with many of its students. Recently I've been learning more about one particularly offensive... — read more