College Meltdown 2OO3
Student loan forgiveness
"The new policy will help around 1.14 million borrowers who defaulted on student loans taken out under the Federal Family Education Loan Program. " https://www.yahoo.com/lifestyle/one-million-student-loan-borrowers-155614007.html
"Last week, the CFPB appealed to a federal judge to force ECMC to produce documents in association with two civil investigative demands. The investigation involves allegations that ECMC deliberately forced student borrowers to incur additional fees... — read more
Position eliminated and I wasn't even informed
Boss called this morning. Allegedly my position was eliminated on Friday and hr was supposed to have emailed me, called me and sent me certified mail . None of that happened so was caught totally unaware by the call this morning.
Is there anyone here that can tell me more about ECMC and Student Loan Asset Backed Securities?
Education Innovation Ventures
Can anyone provide a list of partners (in crime)? https://www.prnewswire.com/news-releases/ecmc-foundation-expands-funding-to-for-profit-sector-300608906.html
College Meltdown shows few signs of slowing in 2019
"Student loan debt continues to rise. In 2018, there was a significant number of news articles disclosing the negative effects of student loan debt on the lives of Millenials and their families."... — read more
Future plans for Altierus in The Chronicle of Higher Education Aug 14, 2018
Tuesday, August 14, 2018 I’m Goldie Blumenstyk, a senior writer at The Chronicle of Higher Education covering innovation in and around academe. Here’s what’s on my mind this week: Can this tiny career college really become ‘America’s work-force... — read more
Military Veterans Who Went to Corinthian Colleges May Get VA Benefits Restored
Last year, about 8,000 veterans got a message in their inboxes telling them they may qualify for a new law that restores education benefits to GI Bill users whose schools have abruptly closed... — read more
Greetings for SA & SAC
Hey Minneapolis, we hope you’re enjoying happy hour!
Town Hall Meeting
Will the Executive Team address what is going to happen with the Santa Ana office? Dave Goff continues to assure us that ECMC will keep the office open. But with the lease agreement ending early 2019, no new property evaluations happening; is that... — read more
Is it true we are looking at April layoffs?
Been hearing plenty of rumors around the office that we are looking at some major layoffs next month. Can't find much on it anywhere else, though, so I'm not sure what to think. I was wondering if anybody here has heard some more about it and has a... — read more
The devil just put on a sweater
Did I view the post on the www correctly? ECMC is now welcoming partnerships with for profit institutions? Didn’t they just buy 53 of them, turn them non profit, mis manage them, and then close all but 3 down? What institution in their right mind... — read more
So what happened to our W2? Got letter to say it was wrong and would get new one. Thanks, I already filed return. So do these idiots pay for my amended return?
Is Everest/Zenith/Alterius shutting down?
Rumors are swirling
Secret ECMC Group Meeting
Anybody have a clue about meeting in 14th floor conference room? There's a Do Not Enter sign & they've put paper on the walls to keep people from looking in. What do they have to hide?
How to win over the minions Make them stay late to shake hands
Is ECMC a collection agency?
My caller ID says ECMC. Are you guys a collection agency?
What's the plan, dear leaders?
I've never felt more rudderless at ECMC than I do now. What's the strategy? Where are we headed? Please tell me there is more to this place than signing up defaulted borrowers for loan rehabilitation. Who is our leader? When are we going to hear... — read more
Employee Appreciation Days...
...Are not going to stop the wave of resignations. Leadership is OUT OF TOUCH. Top talent is leaving in droves.
Who is running ECMC now?
It's seems like a group thing. Are they still getting default portfolios from other guarantors due to their "special deal" with the Department Education?
On the brighter side
We are really good at collecting on defaulted loans from former students that never finished school and can't find a decent paying job. Makes me proud.
The company is in decline.
I think the last person who should be blamed is DH. He literally helped me save my family. The guy has the biggest heart of anyone I know. He still checks in with me to make sure I'm taking care of my family. If there is someone else like him at this... — read more
Been there many years. It's been so sad to watch ECMC be a wonderful employer and great place to work turn into such a crap hole. Zenith was such a huge mistake and no one cares to turn it around or just scrap the entire thing. Dave Hawn wrecked the... — read more
This is why ECMC keeps Zenith alive despite its obvious failure to produce strong outcomes
Zenith's Independent Compliance Monitor blasts Zenith/ECMC.
Check this out. https://www.republicreport.org/2017/operator-of-corinthian-campuses-in-public-tussle-with-overseer/
ECMC is not the same. We have lost our identity. We need a single leader. this group approach isn't working. Decision-making is too slow. Senior leadership is not very friendly. LOTS of jobs open downtown!
Sweat shop master
I hope there is an investigation by the trump administration. Nothing is better for faculty since ecmc took over cci. Benifits are higher cost, work day is 12 hours paid for 8, you have to work unpaid overtime for what used to be paid holidays, new... — read more
What does ECMC do?
A multi billion dollar profitable nonprofit collecting on taxpayer guaranteed student loans. Enough is enough. Feds need to recall all accounts and shut this and all other guarantors down. It would save hundreds of millions of dollars. Trump needs to... — read more
Any thoughts on the employees at the Mather, CA location??
IT not running the company!
Hey, I still work there and I'm in IT. It's not so rosy. Dave Hawn intervened early in the year and talked a bunch of us into staying. In exchange he flew the coop. Most of us are now looking. benefits are great so most of us are being picky but... — read more
Not the same company. If you work at ECMC please weigh in.
Like @KILAvQR-3sri below, I work at ECMC. The place is not the same. Senior leaders are bickering. Org is being run by a committee who don't like or respect each other. The personality of the company is gone. Hardest working executives there have... — read more
How did ECMC go wrong? Does ownership obligation end in February 2017?
What did ECMC get wrong in their 2014 deal with the US Department of Education? And are they done with all obligations in February?
It's time to close the remaining Zenith schools. Horrific student outcomes, crap programs employers don't want, and students in debt.
ECMC promised $billions in student loan portfolios from department of education in exchange for buying crap Corinthian schools. Shut down ECMC and save taxpayers billions.
End game with Zenith?
How long does ECMC continue to subsidize Zenith? Are any of the Zenith campuses profitable?
Board should do the right thing
And resign right along with Hawn. You purchase a company and allow the DOE to dictate terms on a transition plan for a business you know nothing about. Any of the CCI Execs could have stayed on for a six month transition and taught you minimally what... — read more
ECMC gives $250M to Zenith
The ECMC governing board will give $250 million to the ECMC Foundation to support Zenith. Peter Taylor, will become Zenith’s president and CEO. He replaces Dave Hawn, ECMC Group’s president and CEO, who also has been Zenith’s interim leader since its... — read more
Podesta Group Payments Up to $580K
Podesta Group continues to lobby for ECMC--taking in an additional $90K. Podesta Group has strong ties to the Clinton campaign. Brothers Tony and John Podesta started up Podesta Group in 1988--and the lobbying group is one of the most influential... — read more