U.S. Congressman Steve Cohen (D-Tenn) called the deal with ECMC ”a misguided use of federal funds,” and added, “When a school like (Corinthian) that has a checkered history is on the mat, throw in the towel. It’s over.”
Criminal Justice
Looks like CJ is one of those programs ecmc said they would review for not meeting outcomes. Good luck CJ folks...I'm sure you'll be kept around.
Breaking News for Thursday 12/4/14
Jack Massamino will be demoted by ECMC to lead janitor at tampa online. Wait for the email tomorrow folks. I am real and know the secrets just like every one else who posts in here. I wouldnt lie.
WASC tells CCI that Heald accreditation won't (easily) transfer.
WASC told CCI (and the prospective purchasers found out) that the WASC accreditation won't simply transfer over to a new purchaser. A significant commitment in both time and monies are going to be required to keep WASC happy. The purchasers balked... — read more
Turning the acquired schools around and changing their cultures
"At 9:00 am on Thursday, November 20, 2014, Drinker Biddle client ECMC Group, together with Corinthian Colleges and the United States Department of Education, announced an agreement for the sale by Corinthian to ECMC of 56 career colleges generating... — read more
California schools won't be sold.
http://ww2.kqed.org/news/2014/11/25/corinthian-colleges-sell-off-no-deal-yet-for-california-students/
Market Insider Recommendation
http://www.marketsinsider.com/brokerage-firm-ratings-kkr-co-l-p-corinthian-colleges/332007/ Research firm Zacks has rated Corinthian Colleges (NASDAQ:COCO) and has ranked it at 3, indicating that its shares are a hold. 2 Wall Street analysts have... — read more
Changes already happening
As part of the agreement, ECP is cutting all CJ and CI programs as of January 15. I wonder what will be next?
RIF announcement coming bright and early Wed morning.
Happening in both Santa Ana and Tampa.
Socle Rumors
Heard Socle let 5 people go today. Any truth?
Tuition discount/reduction
Does this mean I'll get a bigger stipend? My cellphone bill is due
WAPO
How dozens of failing for-profit schools found an unlikely savior: a debt collector ---... — read more
Article: "education of the government by the government for the government"
http://online.wsj.com/articles/regulation-for-profit-1417387556?ru=yahoo?mod=yahoo_itp
My Turn
I believe this board was formed for those that have been laid off by CCI. Or have I been deceived once again? Somehow over many months it has become a place for those STILL employed, STILL collecting a paycheck, with no dramatic life changes. It has... — read more
Hey Board Hijacker
Do you have any news on a sale of the California schools?
For Real? Yes (Surprise!)
http://www.edcentral.org/ecmc-bankruptcy/ "According to multiple sources, ECMC is asking Congress to make a special change to the rules that govern a college’s eligibility for federal student aid once it declares bankruptcy. Under current law, a... — read more
Bonuses and Severance Packages
A 1 year membership in the Jelly of the Month Club!
For those referencing the $454,000 collector earning read the ENTIRE Bloomberg article
You would see: " ECMC’s debt collectors earn bonuses as a reward for extracting money from defaulted borrowers. In 2010, the bonuses for top performers amounted to as much as 10 times their base salaries, which ranged from about $33,000 to $46,000... — read more
Polling Question
Why is it that some people's immediate reaction is to pounce on people that express a differing opinion or view, or ask what they would consider to be a "stupid" question?
Polling Question
Why is it that some people's immediate reaction is to pounce on people that express a differing opinion or view, or ask what they would consider to be a "stupid" question?
Polling Question
Why is it that some people's immediate reaction is to pounce on people that express a differing opinion or view, or ask what they would consider to be a "stupid" question?
Polling Question
Why is it that some people's immediate reaction is to pounce on people that express a differing opinion or view, or ask what they would consider to be a "stupid" question?
Online Computer Science---What happened?
Since the beginning of the term, many of us were relieved to no longer have to report to RT. Now 30+ of us received a welcome back to the team email? Are we being punished?
CA Schools...
Any word on any of the CA schools and/or the Cal AG?
Happy Thanksgiving to Everybody!
All about the turkey....
Wyotech
The word is that a good portion of the leadership will be let go.
Refund
Hey if tuition goes down do we get a refund for getting screwed over?
for the folks that missed this, as most went home early.
From: Blas, Cori Sent: Wednesday, November 26, 2014 2:26 PM Subject: Update from Dave Hawn, ECMC Group CEO This week, eight members of the ECMC Group team and I visited Campus Support Center to begin discussions with key CCi leadership on the... — read more
Go post on ECMC
You complained, talked trash, whined about CCI so go. Take the first step and head to their Board. Go!
ECMC - Thank you
What a great way to start Thanksgiving. Congratulations to the campuses purchased by ECMC. I am teaching from a Michigan close out campus that was phenomenal with students and community. I would invite ECMC to consider keeping us open. The Kalamazoo... — read more
Big "Data Cleanup" before ECMC takes over
You heard it here first, but soon coming to a campus/CSC/call center near you. Shredding, deleting, etc etc of all non crucial data. If it's not needed for current ops, bye bye incriminating evidence.
Happy Thanksgiving
Have a great holiday and be careful if you are driving