Here's an example. https://equity.postsecondaryvalue.org/datatool/institution/371052#
Texas Lawsuit against Borrower Defense to Repayment
https://www.career.org/uploads/7/8/1/1/78110552/complaint.pdf
Are these numbers accurate?
Fortis College Dothan, AL (165 students) Foley, AL (87 students) Mobile, AL (375 students) Montgomery, AL (284 students) Phoenix, AZ (156 students) Cutler Bay, FL (388 students) Orange Park, FL (489 students) Smyrna... — read more
When Investor Incentives and Consumer Interests Diverge : Private Equity in Higher Education
"Employing novel data on 88 private equity deals and 994 schools with private equity ownership, we find that private equity buyouts lead to higher enrollment and profits, but also to lower education inputs, higher tuition, higher per-student debt... — read more
Students from Fortis Colleges and Institutes eligible for Borrower Defense
They can join the Sweet v Cardona lawsuit for debt relief. https://www.businessinsider.com/personal-finance/student-debt-cancelled-sweet-cardona-settlement-2022-6
Closing?
Does anyone think EA is at risk of closing? Not sure how we’ll survive with consistently down enrollment when we’re not the most affordable option in the market. Has there been discussion on how we can compete?
Fortis received $50 million plus in Covid bailout money...
$32.6 million under the CARES Act $14.9 million under the second round of Coronavirus funds. $8.4 million (projected) under the American Rescue Plan. This is for a school that is not performing well for many consumers or the federal government... — read more
Overpriced
Fortis Institute-Scranton--$28,552 Fortis College-Columbus--$28,009 https://collegecost.ed.gov/affordability
Fortis owes ED?
"NSDL also cites over $2 million owed to DoE by Fortis, an indirect portfolio company of JLL Partners." https://www.axios.com/private-equity-funds-for-profit-colleges-e53080c4-ef4f-4982-a2bd-e4b50f7294da.html "The Department reports seven unpaid... — read more
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
Any comments?
Any comments about these complaints? https://www.gradreports.com/colleges/fortis-college
How much does Fortis pay QuinStreet for leads?
More about QuinStreet.
NCLEX and health care programs
How well is Fortis training its students in the heath care majors. I see some c-appy NCLEX pass rates in Ohio. http://www.nursing.ohio.gov/PDFS/Education/RN_Program_List.pdf
I am hoping FORTIS folds just like other for profits.
There is very little value they provide to students.
Some of the highest prices in the subprime college mess
https://projects.propublica.org/colleges/rank?cc=2§or=6&type=total-cost
JLL Partners facing tough decisions with Fortis Colleges and Institutes
"The problem from the beginning has not been with instructional quality, but with its programs. For-profit schools like Fortis offer programs that often lead to low wage jobs, and low wages make student loan debt insurmountable."... — read more
"The Fortis Difference": False claims?
Is Fortis living up to their claims? For example: "Fortis invests in our facilities continually, making sure our students have access to industry-standard equipment and supplies. Technology-driven libraries and resource centers in many of our... — read more
Fortis locations that lost money in 2016-17
From the National Center for Education Statistics: Locations that lost money in 2016-17 (Revenues.....Expenses in millions) Fortis College-Centerville 12.16M.....15.35M Fortis College-Cincinnati 5.25M...….6.59M Fortis College-Columbia 4.56M...….5.40M... — read more
Changes in Revenues 2010-11 and 2016-17
These are revenues from 2010-11 and 2016-17 posted in IPEDS. Up to 2012, Fortis kept revenues up by opening up more locations, but those days appear to be gone. Fortis College 2,328,134.....5,252,248 Fortis College-Baton Rouge 8,302,870.....4,667,104... — read more
Changes in Enrollment 2010-11 and 2016-17
Institution Enrollment 2016-17 Enrolment 2010-11 Fortis College 375 401 Fortis College-Baton Rouge 312 692 Fortis College-Centerville 690 1542 Fortis College-Cincinnati 340 453 Fortis College-Columbia 348 166 Fortis College-Columbus 774 598 Fortis... — read more
Veterans Affairs
Does anyone know if any Education Affiliates schools were part of the VA-OIG report? If so, is VA going to claw back the GI Bill and Yellow Ribbon funds? The report is scathing. https://www.va.gov/oig/pubs/VAOIG-16-00862-179.pdf
Numbers like this do not bode well for Fortis
Programs with low graduation rates and low gainful employment rates cannot last long. How well is your program doing? Are students graduating? Are they finding gainful employment? And are they finding work that can pay enough so that former students... — read more
Fortis loan repayment rates are 20 to 24 percent
The numbers do not look good for many students who have attended Fortis. If students cannot afford to repay their loans, there is a serious problem. Sure, the loans can be deferred so people don't default in the 3-year window, but that only makes the... — read more
Which campuses will close next? Here's a hint.
Foley, AL (149 students) Phoenix, AZ (156 students) Forty Fort, PA (159 students) Cookeville, TN (175 students) Dothan, AL (189 students) Norfolk, VA (229 students) Lawrenceville, NJ (234 students) Houston, TX (251 students) Cutler Bay, FL (283... — read more
How many Fortis campuses are still operating?
Birmingham, AL Dothan, AL Foley, AL Mobile, AL – Azalea Rd. Mobile, AL – Pleasant Valley Rd. Montgomery, AL – Atlanta Hwy. Montgomery, AL – Eastdale Circle Phoenix, AZ Cutler Bay, Fl Jacksonville, FL Largo, FL Miami, FL Mulberry, FL Orange Park, FL... — read more
College Meltdown shows few signs of slowing in 2019
"In 2019, the Subprime College Crash will include most of University of Phoenix's remaining campuses as well as campuses of several other low performing schools."... — read more
Fortis layoffs?
Any truth to the rumors that Fortis is having layoffs? https://www.thelayoff.com/t/Wvmau5u#replies
Fortis lead generator Quinstreet in trouble
Fortis is a client of Quinstreet and it targets veterans and other vulnerable people. https://www.linkedin.com/pulse/lead-generator-quinstreet-preying-vets-misleading-shipping-shaulis/
Fortis remains on Heightened Cash Monitoring
Fortis schools remain on Heightened Cash Monitoring. Any layoffs? https://studentaid.ed.gov/sa/about/data-center/school/hcm
Fortis' finances?
Fortis is on the US Department of Education's Heightened Cash Monitoring list. What's the financial health of this chain like? https://studentaid.ed.gov/sa/about/data-center/school/hcm
Working at FORTIS
Campus leadership is clueless about what is REALLY going on in the work place. Often you may be asked to do things that are outside your ethical boundaries - watch out for this. Too many people take a "that's not my job" passive-aggressive approach... — read more